Monday, December 3, 2012

USDCHF Head-and-Shoulder Pattern USDCHF head-and-shoulder Trade
I am watching this patten from past week. Details [here]. Now the setup is materializing.

Price has broken the neckline and recent lows. Looks like price is finding a hard time to get up. 

It looks like a good short trade setup but I would prefer to wait for Europe to come in. I will see how price reacts at Europe open and will take a trading decision.

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