By mike on April 26, 2010
There is strong possible bullish trade coming up on usdchf 1hr TF at 1.0623 based on an emerging bullish butterfly with the following convergence
1. 1.618 fib extension of AB
2. 1.27 fib extension of AB
3. Daily trendline bounce
4. Good support level
entry= 1.0623
stop=1.0590
t1=1.0660
t2= 1.0700
Posted in Pending Trades, USDJPY
My name is Fowope A. Mike, a mathematician and teacher, who has worked in one of the leading banks in Nigeria for 8 years. I started trading the Forex two and half years ago. I am a chartist, who vehemently believes in 'Trading what you see on the chart'. My trading concept is looking for convergences at important levels. I employ harmonic patterns, multi time frame analysis, trendlines and fibonacci retracements as my trading tools. I am a contributing editor for currency market column of stock watch magazine in Nigeria.
Hello,
what is with USD/CHF?
Regards Steffen
sorry steffen, it will be updated now