7-29-08
1:43a GMT – The USD/CHF has formed a double-top formation on the 4H and 60M charts (easier to see on the 4H below) with 1.0400 capping possible gains. The double-top formation indicates further losses below the “neckline”.
Trading Idea: Aggressive traders may enter short below 1.0310 whereas more conservative traders might wait until at least 1.0295 to confirm the signal. Short targets at 1.0270, 1.0215 and 1.0160. If top is broken look for more gains and a retest of 1.0435.
(click to enlarge)

Click here to receive my free forex signals via email
Click here for more info on how to use my free forex signals
Click here to learn how much you can earn with our Forex Income Calculator
New! -Discuss this signal with me and fellow traders at the Forex Discussion Groups



July 29, 2008 at 07:18
I just want to commend you for sparing your time to do this great job.Thanks indeed
July 29, 2008 at 07:19
You are welcome and thanks for the feedback!
Mark