16:41Forex Signals - Intraday Strategy for USD / CHF 20/04/10
Pair USD / CHF on the hourly chart is traded within the range 1.0000-1.1017. Trading is below the moving average with period 55 per hour chart (the level of 1.0638), thereby reducing their prices in the short term. |
I recommend to open long after the breakdown of the results of hours of resistance at 1.0659 in order to increase the resistance level at 1.0687 in the case of the breakdown of 1.0714. Stoploss if this strategy can be positioned at the level of 1.0628.
I recommend to open short positions after the breakdown on the basis of hours of support at 1.0611 to reduce the level of support at 1.0591 and if it is the breakdown of 1.0575. Stoploss if this strategy can be positioned at the level of 1.0642.
Given that the moving average and the location of boundaries of technical figures over time is moving, it is necessary to the hourly chart to adjust their status. I also recommend to open positions up to an hour to avoid false breakouts.
In the case of a strong movement in the breakout technical figures, I recommend to wait for correction. The level, which was the resistance should be a strong support and it was near this level should open position in the direction of the breakdown.
Analyst "Forex Analytics" Alex Sedyshev
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