Main » 2010 » July » 6 » Forex Signals - Intraday Strategy for EUR / CHF 06/07/10
10:02 Forex Signals - Intraday Strategy for EUR / CHF 06/07/10 | |
| Pair EUR / CHF at 4 hour chart is traded under the uptrend is likely to move downward. Trading takes place below the moving average with period 55 on 4 hour chart (the level of 1.3411, thereby reducing their prices in the short term). I recommend to open long positions after the breakdown on the basis of 4 hours chart resistance at the 1.3463 level in order to increase the resistance level at 1.3516-68. Stoploss if this strategy can be positioned at the level of 1.3393. I recommend to open short positions after the breakdown of the results of 4-hour chart support at 1.3257 to reduce the level of support at 1.3184-1.3102. Stoploss for this strategy may be arranged at the level of 1.3360. Given that the moving average and the location of boundaries of technical figures over time is moving, it is necessary to the hourly chart to adjust their status. I also recommend to open positions up to an hour to avoid false breakouts. In the case of heavy traffic during the breakthrough technical figures, I recommend to wait for correction. The level, which was the resistance should be a strong support and it was near this level should open position in the direction of the breakdown.
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