Trade77; USDCHF ABCD Setup 7pm

Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.

Dollar Swissie had got a massive move down today and it broke the daily trendline.
This move caused by risk aversion as president Obama’s speech about tax cuts. Technically I like to go long somewhere around 0.9585 as an ABCD pattern will be completed there on daily timeframe.

That bearish move needs a retrace before going further down to reach 0.9585 but as you know Forex is the world of uncertainty so for now I stand aside a looking for that level to go long and in case of any other moves that send the price above the trendline will have me to consider about long setups there.

Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.


  Copyright secured by Digiprove © 2010

The following two tabs change content below.
Winners Edge Trading was founded in 2009 and is working to create the most current and useful Forex information and training available on the internet.

Winner’s Edge Trading, as seen on:

Winner's Edge Trading in the news