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Major Resistance

  • #1
  • First Post: Jul 9, 2012 12:02pm Jul 9, 2012 12:02pm
hi,

those who trades PA - have a look at weekly chart of USDCHF reaching near 0.9800 levels one can see some profit booking, also it is a major resistance.
keeping it on radar could fetch some good pips.


regards
rocky1980
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf wkly.gif Size: 20 KB
rocky1980
  • #2
  • Jul 9, 2012 12:06pm Jul 9, 2012 12:06pm
Is this a system then?
  • #3
  • Jul 9, 2012 12:13pm Jul 9, 2012 12:13pm
Quoting Hugh Briss
Is this a system then?
No it isn't
rocky1980
  • #4
  • Jul 9, 2012 12:14pm Jul 9, 2012 12:14pm
Quoting rocky1980
No it isn't
Then it's posted in the wrong place!

I agree about your basic idea though, looks like a good level.
  • #5
  • Last Post: Jul 9, 2012 12:28pm Jul 9, 2012 12:28pm
Hi,

Divergence on Daily charts of EURUSD, Risk traders can trade long as EUR trading at multiple year lows, bounce back anticipated.

trade at your own risk, understand the market & trade with strict stop loss.

regards
rocky1980
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd d.gif Size: 21 KB
rocky1980
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