|
||||||
|
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 [...] 6-27-08 5:50a GMT – USD/CHF gave a strong bullish reversal doji candlestick on the 4H charts last period indicating a possible reversal in the USD decline. The signal comes after a 200 pip decline over the day and near support at 1.0225. Trading Idea: To confirm the trade the next candlestick (ending at 08:00a [...] 6-18-08 17:29 GMT – USD/CHF has been bouncing off support currently around 1.0370 for days now and I am looking for another bounce around this area. Ultimately the pair is short term bullish unless it closes below 1.0300, the next strong support. Trading Idea: Look for a bullish reversal candlestick to confirm the long [...] 6-9-08 01:06 GMT – Part of being a successful trader is looking not only your own “comfort” chart time but also looking at the bigger picture as well. This week I chose to post my weekly chart analysis for EUR/USD, GBP/USD, USD/CHF and USD/JPY. I do the analysis on all the pairs I trade, [...] 6-2-08 0:58a GMT – USD/CHF has a good trend support line from 5/27 and 5/28 lows on the 60M charts. A divergence on the RSI also indicated more USD gains against the CHF. Ultimately uptrend is intact as long as 1.0350 is not broken. Trading Idea: Look for a dip to support levels at [...] |
 
|
||||
|
Risk Warning |
||||||
Recent Comments