FibMaster FOREX update USD/CHF Mar 23rd

[FibMaster]

If you saw my last Swiss update you know how accurate that trade was. Don't miss this one, another good setup is developing.

The USD/CFH chart has made a strong rebound but is near a key resistance level. If it can break above this level we could have some excellent long opportunities. This quick video will tell you what to watch for and how to trade this setup.


Click here for today's update (http://fibmarkets.no-ip.org/updates/forex/080323_s_USDCHF_pp.html)

Questions, comments and feedback are welcome, post your messages in this forum.

[FibMaster]

Attached is a screen-print of the USD/CHF setup. Print it out and put it next to your trading computer..

[robbie]

If you saw my last Swiss update you know how accurate that trade was. Don't miss this one, another good setup is developing.

The USD/CFH chart has made a strong rebound but is near a key resistance level. If it can break above this level we could have some excellent long opportunities. This quick video will tell you what to watch for and how to trade this setup.


Click here for today's update (http://fibmarkets.no-ip.org/updates/forex/080323_s_USDCHF_pp.html)

Questions, comments and feedback are welcome, post your messages in this forum.
Great video analysis.

Looking at the weekly chart, the recently formed pin bar suggests to me that a long might be in order, with perhaps an interim retracement from 1.0200 down to around 0.9850 before we do head north.

Whilst price is currently below the 200ema on the month to 4hr charts, the fact that price is above the 200ema on the 1hr chart leads me to expect a bearish move in the immediate short term - before a longer term bull move.

[FibMaster]

Robbie, your long-term bull move is under way. Good call!

All traders are encouraged to post here. Don't be concerned if your analysis doesn't match what is posted.
There is often more than one way to trade any chart.