|
Nice set-up
Having looked at the 4hr charts we monitor this GBPCHF appears to be the best possible set-up at the moment.
At the top is the 4 hour chart with the support and resistance going back to the Spring of this year. A break of this support could be a good opportunity for further falls.
Both daily and 4hr CCI's are below 0.0
At the bottom is the 5m chart with a little support line also. A break of this 2.0330 on Monday may see a little sell-off and eventually trigger a free-fall if we can take out the previous lows at 2.0285
That's the theory anyway.
__________________
I'm now sending trading notes out twice a day with videos too. Have a look HERE.
There's one set at 6:30 UK time for London and one at 12:00 for U.S session, plus I will send a summary video after each session 
Last edited by FX Pimp; 08-23-2008 at 01:26 PM.
|