Daily FX Training | Learn Forex with the Dynamic Traders

Dynamic Trader Blog - Forex Chart Pattern Signals

Tuesday, October 09, 2007

The Swiss



Charts courtesy of eSignal and Metastock.

I have moved my stop to lock in profits on the USDCHF position I opened yesterday.

I had a position opened on the GBPCHF but had closed it prior to price hitting the MA (shown on second chart). I am now encouraged by the break and close above the MA. However, the candle formation is suspect so will look for further confluence of events on here prior to any position opening.

Happy trading.