Forex Profit Alert: October 7, 2008

The USD/CHF pair has a gap trade open and as of this session close the trade is down forty one pips. The other gap trades are closed at this time.

There is a pending long pivot trade in the USD/JPY. If this pair continues to move higher throughout the rest of the week, a new pivot low will be created. This will trigger a pending pivot trade to be placed. The EUR/USD has a pending long pivot trade at this time. There is a pending long pivot trade in the GBP/USD. The USD/CHF has a pending short pivot trade.

There are no movers trades at this time.

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