Sive Morten
Special Consultant to the FPA
- Messages
- 18,655
USD/CHF Daily Update, Fri 21, January 2011
Hi,
let's return to Swiss franc again. The point is that market has confirmed the 50% support level on daily time frame by Bullish engulfing pattern and MACDP Failure or Stop grabber pattern.
So, this pattern is absolutely tradable currently - we may enter long with some retracement, although I expect that it will be to 50 or 61.8% support area. Target is 0.9810 area roughly. Stops - below the bullish engulfing pattern.
I suggest you to re-read previous post about swissie to refresh in mind weekly strong bullish context.
Hi,
let's return to Swiss franc again. The point is that market has confirmed the 50% support level on daily time frame by Bullish engulfing pattern and MACDP Failure or Stop grabber pattern.
So, this pattern is absolutely tradable currently - we may enter long with some retracement, although I expect that it will be to 50 or 61.8% support area. Target is 0.9810 area roughly. Stops - below the bullish engulfing pattern.
I suggest you to re-read previous post about swissie to refresh in mind weekly strong bullish context.
