16:49Forex Signals on USD / CHF on 10/22/2013
The USD / JPY on the hourly chart is trading within a neutral trend . Trading takes place above the moving average with period 55 on the hourly chart (level 0.9030 ) , thereby increasing prices in the short term.
The signal for the opening of the long position will sample the results of hours of resistance at 0.9039 in order to increase the resistance level at 0.9060 and in case of breakdown to 0.9086 . Stoploss for this strategy can be placed at 0.9000 .
The signal for the opening short position will sample the results of hours of support at 0.9007 to decline to the support at 0.8980 and in case of breakdown to 0.8958 . Stoploss for this strategy can be placed at 0.9045 .
Given that the moving average and the location of the boundaries of technical figures over time, moves to the hourly chart to adjust their status. I also recommend the open position 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 the correction . That level, which was the resistance should be strongly supported and it was near this level should open position in the direction of the breakdown.
Alexei Oleg , a portal "Forex Analysis " - signals , forecasts
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