Friday, November 30, 2007

USD/CHF; Chance Spotted


Hourly USD/CHF Chart

By accident, I kind of spotted this trade. Looking to short 0.55 lots with a s/l of 50 pips and t/p of 50 pips as well. R/R of 1:1. Not exactly the best in the world but worth the trade due to high probabilities. A cross under MA(8) for MA(5) would siginify a time to enter, stochs are all pointing downwards, coupled with RSI sitting at 50. This is something to look out for.

Simply, waiting for a cross now.

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