jujub111
USDCHF 60 min Dbl bot. 3 20 09
USD/CHF 60 min. dbl. bot. 3 20 09
Ok, last trade of the week for me, and boy what a week we had! I was up trading late last night and decided to grab a few pips off of a 60 min. chart. USD/CHF.
Nice double bottom, a reversal pattern. Went long at the bounce off of the support with a target of the resistance area at 1.1260. The reason I was pretty confident it was going to bounce off, was the divergence the Stochastics was showing. Not enough strength in the market for a break through of the support. Until next week everyone!
USDCHF 60 min Dbl bot. 3 20 09
USD/CHF 60 min. dbl. bot. 3 20 09
Ok, last trade of the week for me, and boy what a week we had! I was up trading late last night and decided to grab a few pips off of a 60 min. chart. USD/CHF.
Nice double bottom, a reversal pattern. Went long at the bounce off of the support with a target of the resistance area at 1.1260. The reason I was pretty confident it was going to bounce off, was the divergence the Stochastics was showing. Not enough strength in the market for a break through of the support. Until next week everyone!