Sign up for PayPal and start accepting credit card payments instantly.
Forex eBook - Read and Learn

Earn Over $10,000 USD - Sign up as an affiliate and start earning thousands of dollars online.

28 May 2007

USDCHF Bearish Divergent Bar

USDCHF Bearish Divergent Bar


USDCHF Bearish Divergent Bar formed few days ago faded quickly.
It seems that the bear strength is not so powerful at the moment to support this down move.

This weakness is clearly visible on the daily chart where
Bearish Fractal was not taken last few days even cannot cross the pick line...

Anyway in this vague move it is better to say out of trade. This decision is supported by the Alligator's behavior on 4 hours chart where it is going to sleep at least for a while.

So we'll keep an eye on the Bullish Fractal about 1.2360 and wait to see what will happen.

No comments: