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Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Sunday, September 19, 2010

USD/CHF----BUY UP OPPORTUNITY on PULL BACK ?? ??

If you follow my posting last week on U/CHF, you should have profited at least 200 pips as U/CHF reached 0.9950 Low. 

H4 Chart with trendline


H1 with Ichimoku

H4 with Ichimoku,


On the H4 chart with trend line, we note that there is an imminent HEAD AND INVERTED SHOULDERS pattern formation. So we expect a bullish rally near term , basing only on Technicals.
So wait for further PULL Back near 1.0000, then BUY UP (Long) this pair with targets 1.0173, follow by 1.0216, then 1.0280.


On H4 Chart  with Ichimoku, we do note that the support 2 at 1.0000  may be the PULL BACK level before we BUY UP  this currency pair for Targets 1.0173 (R1, also the Ichimoku Cloud support/resistance ),  following by  1.0280 ( Resistance 3 ).

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