USDCHF 4 hr -
I'm not going to go in detail on the drop out of what looks to be a bear flag formation ( though I agree it took forever to break under ) upon the FOMC statement, but would highlight the optimum initial target of this drop. This has room to hit around 0.994X for the day and would expect pull backs off there. While the USD upon breaking off that H&S I hinted on it yesterday played to the brim - nothing ever or hardly ever moves in a straight line. Hence; can expect move unfolding higher off around .994X on the swissy with a meaningful retrace can test tart above the parity zone.
Tahir Khan, or better known online as Stryker has been dealing in the global markets for 15 years. He as developed extensive knowledge in FX / Indices / Commodities and Futures. He is one of the most active members on some of the best Forex forums in the world.
Share this Post
Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. Moreover, the leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses. All information and videos contained on drinkforex.com are solely our products and any unauthorized redistribution without proper authorization will result in legal proceedings. Additionally, no information on this site should be considered as trading advice. All information is purely for educational purposes and we are not liable for trading decisions you make as a result of reading our content. You are solely liable for making your own trading decisions. DrinkForex is not affiliated with nor does it endorse any trading system, methodologies, newsletter or other similar service. We urge you to conduct your own due diligence.
No information on this page is directed at United States citizens.
For all inquiries please email us at email@example.com
2013 - 2017 Copyright - DrinkForex - All Rights Reserved