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mkgone
Jul 13, 2013 12:39 PM

USDCHF weekly Short

U.S. Dollar/Swiss FrancFXCM

Description

As my previous Analysis was right Weekly EMA200 stopped the upwards trend followed by a sharp selloff. I would wait now for a correctional wave upwards to enter a short targetting the lower line of the triangle. Then it starts to become interesting. As the EURUSD has limited upward potential we could go Long there ...
Comments
AncientM
Opportunity to go long guys...
Chartreader
It is upto the historical support of below 0.908, unpredictable a this moment!One more daily candle can confirm it...
mkgone
Yes indeed. Take a look at CHF index: stooq.com/q/?s=chf_i. Price hit already 380 and bouced off.
sunny
hi guys. how does it look now?
mkgone
I expect a gapclose - so a little downward move...
Chartreader
Hey Gone:
Great bull setup Yesterday! I have bagged sth. already.
mkgone
I would close Shorts now...
Chartreader
Hi

I normally trade H4 and daily charts. According to my analysis, the price is at a support zone now. No trade should be executed now.
mkgone
you're right that's why I wrote "I would wait now for a correctional wave upwards to enter a short.." (at about 0.96~).
Chartreader
Now the down signal is confirmed on the weekly chart and even on shorter time frame, good forecast mkgone!
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