Trading USD/CHF with L.Vereshchagin
USD/CHF Technical analysis from 18.11.2013 by Leonid Vereshchagin
Chart 1. Daily USD/CHF
As the pair had breached the downtrend line to the upside, one should think of buying US dollar. The long position may take time and one may close it breakeven if the pair returns below the downtrend line.
Buy area: 0.9110-0.9180 (closer to the lower edge)
Stop Loss: 0.8870
Take Profit: 0.9385
Chart 2. H4 USD/CHF
Corrective move on H4 makes the entry area more precise: 0.9090-0.9125.
Technical analysis by Leonid Vereshchagin
Independant FX trader, coach and analyst