Buy USD/CHF above 0.9480 target 0.9530 & 0.9550
Status: Entered
Status: Entered
Showing posts with label USD/CHF. Show all posts
Showing posts with label USD/CHF. Show all posts
Tuesday, January 17, 2012
Friday, January 13, 2012
Tuesday, January 3, 2012
Sunday, January 1, 2012
Wednesday, December 28, 2011
Wednesday, December 21, 2011
USD/CHF
Short positions below 0.934 with targets @ 0.9245 & 0.9230 in extension.
Above 0.9340 look for further upside with 0.9385 & 0.942 as targets
Above 0.9340 look for further upside with 0.9385 & 0.942 as targets
Thursday, December 15, 2011
USD/CHF -Sell on Rally
The Congestion Opportunities Strategy has just sold USDCHF at 0.95277. The system recommends entering this trade at any price between 0.95026 and 0.95528. The signal was issued because the 28-hour Relative Strength Index indicates that the USDCHF may be oversold, while the Speculative Sentiment Index reading of -1.3336 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 0.01003, so the stop loss has been set at 0.9628. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades
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