I've gone long the CHF/HUF pair (Swiss Franc/Hungarian Forint). The set up is on the 4 hour chart and the pattern is a falling wedge. The stochastic & macd indicator on the daily chart have both just turned up so this supports an entry on a shorter term time frame. There is also a bullish divergence showing on the 4 hour chart. My stop will be just below the Fibonacci .786 of the previous swing and I would expect this to offer me some additional protection. In any event, my stop order and first target limit order are in place in accordance with my money management strategy.
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