Entered EURCHF long at 1.2060 (76.4% of Sep H-L fib level - 1H bars seem to be adhering generally albeit with occasional false breakouts)
1.2050 was previous bid zone - triple bottom from Sep 14 onward
Also market seemed to established the floor since Q4 2012 after SNB's 1.20 commitment
Target 1.2110/20 area - between top of daily cloud (1.2110) and previous high in Sep (1.2117)
Stop loss right below Sep low at 1.2044
Risk:Reward = 1:2
Portfolio wise, also trying to balance out the heavy EUR short.
1.2050 was previous bid zone - triple bottom from Sep 14 onward
Also market seemed to established the floor since Q4 2012 after SNB's 1.20 commitment
Target 1.2110/20 area - between top of daily cloud (1.2110) and previous high in Sep (1.2117)
Stop loss right below Sep low at 1.2044
Risk:Reward = 1:2
Portfolio wise, also trying to balance out the heavy EUR short.