We are currently long the Swiss Franc (CHF). See here. Below is an up to date chart of the CHF from the breakout point.
This trade will most likely not play out as expected. In my experience, when a breakout occurs it goes right to its target. It never looks back. Below is a H&S top trade in cocoa from late 2016.
Notice how clean the break was in Cocoa just like the CHF. However, cocoa didn’t linger around the breakout point. It started its trend to its destination. The fact that CHF is not trending to its target is the first hint this trade will be a dud.
So what should be done about this?
Nothing. I traded per my plan. After I execute my plan all I can do is sit and wait.