Wednesday, 25 January 2012

USD/CHF Analysis

Dollar has weakened across all pairs and its looking good for a retrace in these pairs.

- Daily timeframe has bearish candle.
- Bounce off 8ema and 9315 support
- Short term trend now down

Order to short as per below:

STOP: 9343
ENTRY: 9270
LIMIT: 9087

RISK/REWARD: 2.5/1

1 comment:

  1. Didnt retrace so cancelling order for now. Will keep an eye for a further retrace

    ReplyDelete