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Saturday, February 27, 2016

2016 02 29. USD/CHF overview

USD/CHF has to break one of the trend lines. For long term investment i prefer to wait.

On weekly chart i can see that price reversed with a test of support trendline, i hope the price will go up till resistence red line above or to the previuos high (LH).


On the 4hour chart there is signal of short term sell down to the support and possibly reverse.


Price action will show...but in my opinion  better to wait till green candle shows itself on the 4 h chart. That actually will be as reversal confirmation signal.


Information in this article is not a signal or recommendation for trading decisions, this is only idea.


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