US Dollar v Swiss Franc: MIDAS Technical Analysis Short

U.S. Dollar/Swiss FrancFXCM

Description

⋅ Jul 29, 2016 2:58 PM

Price is currently making its first leg to the downside (X-1) breaking S1 and S2 - terminating the uptrend as the new data comes in. Pullback to R1 is for selling as I am looking to trade the second leg down.

4hr Time Frame with MIDAS BottomFinder indicating that there is 22.2% fuel left.

MIDAS Trading Tools for MT4 @ MQL5.com

⋅ Aug 1, 2016 7:12 AM

Comments

Ahmed_bunah2

⋅ Jul 31, 2016 4:02 PM

Hi Carl,
I am looking to short when it will pullback @ 0.9805

Carl_G

⋅ Jul 31, 2016 5:56 PM

Yes, me too, very nice price area to short :)