I opened a LONG position on AUD/CHF at .9215. Price action appears to be bullish. The entry trigger for me consisted of the following (see chart below):
* Series of Inside Bars
* Strong support at weekly pivot point
* 61.8 Fibonacci retracement off weekly high
Also, the price action remains within the context of a wedge; My price target is the top of the wedge:
On Tuesday November 15th, 2011 at 10:37PM by Blades1 - Like - 0 People
Closed on Monday 11.14.11 @ .9273 -- 58 pips. Outlook is still bullish but I wanted to lock in some profits, although my target wasn't reached.
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