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Buy posted to TAP at 8:00am ET buy USDCHF at 1.0142. Using smaller size since this is the first trade of the week and the indicators used are from the 4hr and daily charts which carries risk of swings against the trade before it comes back to profit.
Looking for support at the retest of the top of the daily trend line. This is a classic trend break pattern with the open and close outside the trend line with a retest before the leg higher. On the 4hr chart it is holding support at the .382 fib of the last run up.
Will move break even at the 20-25 pips of profit area. Intraday targets back to 1.0165 and 1.0190.
USD/CHF Chart Picture
USD/CHF Daily Chart Picture
