Thursday, October 8, 2009

USDCHF 8 Oct 2009

Daily



Today I'd be looking to short this pair.

Stoch - Red
AO - Red
Below all 3 moving averages

Hourly


Hourly shows a bounce off 61.8% fibs if drawn from 4h chart.

Price must break the trendline for an entry.

6/23 sma crossed
MACD down
Price has broken trendline.
Entered at 1.0281
SL - 20pips
TP - 40pips at previous low

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