wtorek, 16 listopada 2010

Trade idea: USD/CHF to sales at 0.9620

USD/CHF-9568

Latest candlesticks patterns: N/A
Trend                                    : Down

Tenkan-sen level: 0 9563
Kijun-sen level: 0.9573
Ichimoku cloud at the top: 0; 9645
Ichimoku cloud bottom: 0.9639

New strategy:

Sell to 0.9620, Target: 0.9540, Stop: 0.9655

Even if the greenback resumed later decreased steadily in morning price broke during previous support at 0.9555, lack of follow-up by selling the proposed consolidation would take place and recycling-0.9615/20 cannot be excluded, but count the Ichimoku cloud (now at 0.9639-45) would Cap upside and bring another depression later in 0.9546 would extend weakness vis-a-vis 0.9500/10, however, Oversold conditions should limit the downside to 0.9439 (100% projection of 0.9844 to 0.9555 measurement from 0.9728) and remedies at a later time.

In light of this, we look to sell the dollar's recovery; Only a persistent breach of the upper Kokemäki (now at 0.9645) proposes a temporary low formed possible and risking correction against 0.9700/05.

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