Tuesday, May 6, 2008

USD/CHF Possible reversal




Although the dollar has been strong for a short period of time now. Direction is still not conclusive. Here is a 4hr chart for DOLLAR/FRANK. Symmetrical triangle breakout followed by
a rising wedge. This could push the pair lower if broken.

9 comments:

Stewie said...

nice blog oj. this will help your trading. it;s like a journal.

Orange Trader said...

Thanks Stewie. I hope I can have the traffic on my blog that yours gets. ;p

Stewie said...

lol. i really don't get too much traffic. but i recommend you visit other bloggers and introduce yourself and your style.

Orange Trader said...

This trade broke down, do you think it will sustain?

Stewie said...

i don' think it'll sustain. the setup doesn;'t look compelling enough for me.

Stewie said...

hey Oj. i added you to my "Cool Traders" blogroll.

Orange Trader said...

Thank you. :)

Orange Trader said...

Thank you. :)

Orange Trader said...

Thank you. :)