USD/CHF Wednesday 10.3.12 842am

Long: #41 h1, broke 75 and BB @ 6am candle but was only 5pips away from right now price.

No resistance on 4h Daily or 4h.

200MA +12pips away.

#26  30m, MAs crossed at 730am but Sto. not in oversold yet.

SL (-12p), since the signal candle on #41 h1 is a few candles away I will not place my stop according to that (which would be -21p away). So my stop is placed under this hours candle (9am).

1015AM

LOSS (-12.9P)

Stay away from pairs close to their 200MA, don’t assume they will break above, it may happen but the risk it too high that they won’t.

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