2016-02-18_00-11-33eurchf-1024x505

Dear Traders,

This is the follow up for you who took the 50% fib retracement of the bullish move

The area of confluence was where you also had the upper resistance line acting as support now.

I would recommend to place your stop loss at +10 or over your entry to protect yourself.

A target might be the previous high for price to double top.

Otherwise you might ride the 5 until you have a 5/8 cross against you.

Best of PIPS.

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