empty
 
 
11.08.2016 10:29 AM
USDCHF profit target reached, turn bullish.

Price has dropped and reached our profit targets as expected. We turn bullish above 0.9715 buying level which is strong support (horizontal support + Fibonacci retracement + Bollinger band support) for a rise to 0.9850 (last swing high + projected Bollinger band resistance + Fibonacci projection).

RSI (21) is approaching a key support level at 17% which is in line with us expecting price to drop a bit to our buying level.

Stochastics (21,5,3) is on a key support level expecting a bounce.

Strategy would be to scale into your position. 50% buy entry now and another 50% if price drops to 0.9715.

This image is no longer relevant

Buy at 0.9715. Stop loss at 0.9630. Take profit at 0.9850.

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback