Over the last two weeks the Euro and the Swiss Franc have been consolidating. I am raising my trailing stops to right below the recent consolidation as seen in the above chart. This has been a great trade for me and I plan on locking in these profits.
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![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-gbp-small.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-jpy-small.gif)
3 comments:
Kevin, it looks like the YEN is breaking out. any thoughts?
The yen is beginning to rally but I'm not going to get long...My plan was to be long the other currencies and the trade worked out well. Maybe the Yen is playing catch up...I really don't know....but it is starting to move now.
Thanks kevin. I will be keeping a close eye on this. Because I think this could be the next great trading opportunity.
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