$USDCHF- Trend Break?

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$USDCHF- Trend Break?

By Pro Act Traders — Author

Currently weare at 0.9304 and testing the break north of the trend. A couple of different scenarios. 1: Bullish: a move to the R4 resistance @ 0.9382 area 2: Bearish :A break down here back to the R2/0.618 Fibo @ 0.9242. The average daily truerange (ATR) for the pair currently is 84 pips.

Posted to Introduction to Forex Targe… on Aug 30, 2013 — 8:08 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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