środa, 17 listopada 2010

Trade Idea Update: USD/CHF – Stand aside

USD/CHF-9688

New strategy:

Stand aside

Despite trading-day rise to 0.9728 (only reached the destination indicated on the upside to 0.9725-100% projection of 0.9548 to 0.9685 measurement from 0.9588), price has retreated from it, suggesting consolidation with mild downside bias would be reviewed and fall to 0.9657 (downstream of the point in the Kijun-sen and the Ichimoku cloud up) is likely, however, during the lower Kokemäki (now at 0.9616) is needed to confirm up up and a test of yesterday's low at 0.9588.

On the upside and would entail a above resistance stronger retracement latest decline of 0.8 9758-60 (previous aid and 50% Fibonacci retracement of the 0.9972 to 0.9548).

When the near term are still mixed, stand aside in the meantime.

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