Archive for January, 2010
Trade Idea: USD/CHF – Sell At 1.0255
By actionfx
USD/CHF – 1.0170
Most recent candlesticks pattern : N/A
Trend : Near term down
Tenkan-Sen level : 1.0259
Kijun-Sen level : 1.0259
Ichimoku cloud top : 1.0381
Ichimoku cloud bottom : 1.0342
Original strategy
Sell at 1.0390, Target: 1.0210, Stop: 1.0440
New strategy
Sell at 1.0255, Target: 1.0100, Stop: 1.0320
Despite rebounding to 1.0386 last Friday, the greenback faltered below the Ichimoku cloud top and did fall sharply from [...]
Trade Idea: USD/CHF – Sell At 1.0420
By actionfx
USD/CHF – 1.0305
Most recent candlesticks pattern : N/A
Trend : Sideways
Tenkan-Sen level : 1.0312
Kijun-Sen level : 1.0332
Ichimoku cloud top : 1.0391
Ichimoku cloud bottom : 1.0362
New strategy
Sell at 1.0420, Target: 1.0220, Stop: 1.0485
Although the greenback broke below support at 1.0253 this morning, lack of follow through selling suggests further sideways consolidation would take place and the horizontal moving Tenkan-Sen and Kijun-Sen [...]
