Confessions of a Forex Trader

The EURCHF is probably the second best trade opportunity of today. It is trading in a bearish market condition and in the short term charts it is trading below every important level:

EURCHF

I’m currently looking for short opportunities in the EURCHF.

There is one problem though, we don’t have a clear LT support level, it hasn’t been trading around these levels for a while, therefore I’m using a 3:1 RR ratio for my TP orders.

Trade Safe!

Raul Lopez
http://www.straightforex.com/

Tags: EURCHF Analysis

This entry was posted on Tuesday, August 31st, 2010 at 4:24 pm and is filed under Technical. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.