Stop loss moved to break even.

I have manually moved the stop loss on yesterday's USD CHF trade to break even (original entry price).

The reasoning being: the price is very close to the profit target. And if it falls all the way back to the entry, I suspect it will be due to US data or FOMC minutes going against the dollar.

'hopefully' ADP Data will be USD positive, which would likely kick the trade on and possibly create another USD long opportunity.

Time will tell.

Feel free to email any questions: johnelfedforexblog@gmail.com