USDCHF – Broke the ST support level

Written by Raul Lopez on June 28, 2011. Posted in Trades & Analysis

Earlier this morning the USDCHF broke the short term support level triggering a bearish market condition, as long as it trades below 0.8326, I’ll be looking for short opportunities:

Remember the USDCHF needs to be trading below de ST resistance level in order to be considered in a bearish condition.

Since it is trading around historical lows, all trades taken here should have at least a 3:1 risk reward ratio.

Trade Safe!

Raul Lopez
Forex Courses

Tags: USDCHF analysis

Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.

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I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Training. Read more about me.

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