Main » 2011 » August » 23 » Forex Signals - intraday strategy USD / CHF 23/08/2011
16:34 Forex Signals - intraday strategy USD / CHF 23/08/2011 | |
| The USD / CHF is trading on the hourly chart as part of a neutral trend. Trading is below the moving average with period 55 on the hourly chart (the level of 0.7890), helping to reduce prices in the short term. I recommend to open long after the break up hour resistance at 0.7948 in order to increase the resistance level at 0.7994 in the case of its breakdown to 0.8040. Stoploss for this strategy can be positioned at the level of 0.7860. I recommend to open short positions after the break up hour support at 0.7829 to reduce to the support at 0.7778 in the case of its breakdown to 0.7729. Stoploss for this strategy can be positioned at the level of 0.7890. 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 heavy traffic at the break of technical figures, I would recommend to wait for the 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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