Tuesday, February 28, 2012

EUR/CHF Update (3)

In am still in this trade...with my stop at break even.

You can see that the trend line that was acting as resistance has now been violated which is not necessarily good for the outcome of this trade.

However, note also that the price reacted at the "D" point of a bearish Gartley pattern which is positive for the trade...and we are now back in the 1.2050 region....again!.

Of course, with my stop at break even, the emotional side of the trade is MUCH easier to deal with....so...once again, I apply my trade plan and await the completion of the trade, one way or another.


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