Resistance at 50% Fib. Support at 1.4067 for the last months. sideways still prevail. my take go long on 1.4045. if break support, will wait for price reach 1.4000 to go short.
Pinbar push price down, strong support at 1.0475 which show price keeps on bouncing up. if price could break the support will be shorting out till 1.0200.
Uptrend is still on. MA showing no sign of Bearish trend. Support at 1.4545 will play an important role for movement north. If 1.4200 support is broken we can see the start of bearish move.
USDCHF STILL UNABLE TO BREAK RESISTANT LEVEL 0.9350 WILL BE ZIGZAG THIS WEEK, WEEKLY CHART SHOWING A BULLISH TREND IS FORMING. IF 0.9350 IS BROKEN IT WILL MOVE UPWARDS.
PERFORMANCE SINCE 2 MARCH 2011 TILL 18 MARCH 2011.
TRADE ENTERED 25 TRADE WIN 15 TRADE LOSS 10
TOTAL PROFIT +352PIPS.
MY STRATEGY IS USING TIGHT STOP LOSS OF 25PIPS & TAKE PROFIT OF 50PIPS. I WILL MOVE STOP LOSS TO ENTRY WHEN THE MOVEMENT IS +20PIPS. THE STRATEGY IS NOT TO LOSE A SINGLE PIP. IF IT HIT MY STOP LOSS, JUST LET IT GO AS TOMORROW IS ANOTHER DAY.