Forex signals - an intraday strategy for USD / CHF 08/12/09
Pair USD / CHF on the hourly chart is traded within the range 1.0000-1.1017. Trading takes place above the moving average with period 55 on the hourly chart (the level of 1.0164), thereby increasing prices in the short term.
I recommend to open long after the breakdown of the results of hours of resistance at 1.0225 in order to increase the resistance level at 1.0242 in the case of the breakdown of 1.0263-74. StopLoss when this strategy can be placed at the level of 1.0198.
I recommend to open short positions after the breakdown on the basis of hours of support at 1.0164 to reduce the level of support at 1.0146-42 and if it is the breakdown of 1.0121-16. StopLoss when this strategy can be placed at the level of 1.0200.
Given that the moving average and the location of boundaries of technical figures over time, moves to an hourly chart to adjust their status. I also recommend to open positions 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 the correction. The level, which was the resistance should be a strong support and it was near this level should be open attitude towards breakdown.
More Forex Signals here: http://forexanalytics.org/blog/
Pair USD / CHF on the hourly chart is traded within the range 1.0000-1.1017. Trading takes place above the moving average with period 55 on the hourly chart (the level of 1.0164), thereby increasing prices in the short term.
I recommend to open long after the breakdown of the results of hours of resistance at 1.0225 in order to increase the resistance level at 1.0242 in the case of the breakdown of 1.0263-74. StopLoss when this strategy can be placed at the level of 1.0198.
I recommend to open short positions after the breakdown on the basis of hours of support at 1.0164 to reduce the level of support at 1.0146-42 and if it is the breakdown of 1.0121-16. StopLoss when this strategy can be placed at the level of 1.0200.
Given that the moving average and the location of boundaries of technical figures over time, moves to an hourly chart to adjust their status. I also recommend to open positions 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 the correction. The level, which was the resistance should be a strong support and it was near this level should be open attitude towards breakdown.
More Forex Signals here: http://forexanalytics.org/blog/