Main » 2012 » January » 10 » Forex Signals - intraday strategy for EUR / CHF 10/01/2012
10:35 Forex Signals - intraday strategy for EUR / CHF 10/01/2012 | |
| The EUR / CHF at 4-hour chart is trading in a downtrend. Trading is below the moving average with a period of 55 to 4-hour chart (1.2186 level, helping to reduce prices in the short term). I recommend to open long positions after the breakdown of results of 4 hour chart resistance at 1.2256 in order to increase the resistance at 1.2312-1.2380. Stoploss for this strategy can be positioned at the level of 1.2180. I recommend to open short positions after the break-up 4-hour chart support at 1.2135 (sell by date of publication of the article) to reduce to support at 1.2073-1.1989. Stoploss for this strategy can be positioned at the level of 1.2207. Given that the moving average and the location of the boundaries of technical figures over time, moves to the hourly chart to adjust their status. I also recommend the open position up to an hour to avoid false breakouts. In the case of a strong movement in the breakout technical figures, I would recommend to wait for Xia correction. That level, which was the resistance should be strongly supported and it was near this level should open position in the direction of the breakdown. Analyst "Forex Analytics" Alex Sedyshev
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