Monday, June 11, 2007

Eur/chf update

You might have noticed how tricky eur/chf price action was recently. In reference to my earlier post on the channel setup the price, as if by classic rule, was first rejected at the upper trendline and welcome early shorts. Then, it broke the trendline and went up 50 pips. I do not know if my reasons to stay put were clear for potential shorts (incl. myself) but I guess I have to wait further for short opportunity.

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