Wednesday, December 15, 2010

USD/CHF 1 HR SUP/RES




CLICK  BOTTOM OF CHART FOR FULL IMAGE
1.  Go long on close above a line.  2. Enter long on pullback DOWN to broken line.  3. Stop below low of breakout bar    4. Target is next line above

1.  Go short on close below line.  2.  Enter short on pullback UP to broken line  3. Stop above breakdown bar     4.  Target is next line below

Breakout confirmation = Higher volume 

Cheers, Jerry

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