Main » 2010 » September » 3 » Forex Signals - Intraday Strategy for USD / CHF 03/09/10
16:24 Forex Signals - Intraday Strategy for USD / CHF 03/09/10 | |
| Pair USD / CHF on the hourly chart is traded under the uptrend. Trading takes place above the moving average with period 55 on the hourly chart (the level of 1.0148), thereby increasing prices in the short term. I recommend to open long after the breakdown of the results of hours of resistance at 1.0181 in order to increase the resistance at 1.0210-20 and if it is the breakdown of 1.0254. Stoploss if this strategy can be positioned at the level of 1.0120. I recommend to open short positions after the breakdown on the basis of hours support at 1.0096 to reduce to the support at 1.0097 and if it is the breakdown of 1.0067-60. Stoploss if this strategy can be positioned at the level of 1.0140. 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 would recommend to open positions up to an hour to avoid false breakouts. If a strong motion during the breakthrough technical figures, I recommend to wait for the 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. Analyst "Forex Analytics" Alex Sedyshev
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