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Friday, June 5, 2009

Great example of a set up on the EURCHF


I have been watching this set up, but the EURCHF is usually a slow mover, so I didn't post it, because most of us are the high octane junkies on the GBPJPY. It set up nice and makes for a good chart, so I wanted to post it. It is a great example of something to watch for, going up, or down.

See all the PA stacked up along the 1.5163 line? Then, the candles pushed up tighter against it and got smaller and smaller. This is a great sort of break to watch for on any pair.

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