6:40 AM EST. O.k., as expected the pair pulled back to the channel and I am taking profit at 1.6620.
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- 15 minutes
- Hi Tamara
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4 comments:
I guess you fibbed on your "Last trade of the week" post ;P I have found the forex to be quite addicting as well.
Dear Tam,
I have been missing your post at FF. Finally found you here ! I happened to open EUR/CHF long on demo account expecting some upward movement to return back to channel. Your post on U/J on the same situation made me take this trade. Hope you could keep helping us newbies both with your post at FF and this blog !
Good morning! Glad you are finding these patterns useful. You do not need to be a genius to realize that support and resistance work most of the time. Yes, sometimes they get broken but this is what we have money management for. Kappa, I am glad you found us - it is my privilege, too. You did a fantastic job taking this trade. Just let's wait for some kind of test and fail situation as the next step (upon 4 HR close).
If you are short eur/chf from here, please, note the most recent inside top low is 1.6640 and the price is attracted to this area as if by a magnet.
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