USD/CHF has made a high of 0.9846 and is consolidating around this level. Overall trend is bullish as long as support 0.9740 holds. The pair’s minor support is around 0.9775 and any break below will target 0.9740/0.9700 (Median line). On the upside break of 0.9845 would extend gain to 09917/0.9979 (161.8% retracement of 0.9816 to 0.95521). Indicators (1 Hour) CCI (50) – Buy CCI (14) – Sell Ichimoku- Neutral
Recommendation: Buy USD/CHF around 0.9775, SL 0.9740, Target 0.9917.
Comments
arfyyy
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So if one was to look at highr timefram to see the trend and then enter using 1h...is that right?
FxWirePro
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S u are right. U TRADE FOR LONG TERM OR INTRA DAY
arfyyy
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usually over a few days...not same day...how abt u?
FxWirePro
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then go for 4 hour
arfyyy
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iv not been trading long so still early stages lol
arfyyy
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Oh ok...o is h better if u intent to enter and exit same day?
arfyyy
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Oh ok...so 1h better if u intent to enter and exit same day?
FxWirePro
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s u are right
arfyyy
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Thanks for ur help...i will try intraday soon see how it goes...and definatly enjoying your Ideas so far :)
arfyyy
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Hi, Do u always trade the ichimokue on H1? and how well do u think it works with 1H? Thanks