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EUR/CHF, USD/CHF turning up?

  • Post #1
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  • First Post: Sep 26, 2010 6:56pm Sep 26, 2010 6:56pm
  •  oceanfx
  • | Joined Mar 2009 | Status: Member | 7 Posts
I found bullish engulfing on EUR/CHF (DAILY) and USD/CHF (4 H) chart
so I think EUR/CHF will reach 1.35 in the next few days
and for USD/CHF will move up 50-100 pips.(Daily chart still seem to head south)

who agrees & disagrees ? and why ?
  • Post #2
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  • Last Post: Sep 27, 2010 4:20am Sep 27, 2010 4:20am
  •  Sauron
  • Joined Jun 2009 | Status: Reasonable | 339 Posts
And if you start your H4 candle at a different hour, will you see the same pattern?
I know 100% that the markets will fluctuate, in one direction more and in one less but I'll never assume that a price will be reached because some bullish engulfing appeared on a trader's favorite chart.
 
 
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