Usd/chf

Discussion in 'Forex Trading' started by jrs3, Apr 5, 2004.

  1. jrs3

    jrs3

    Technicals looking good, rising 50dma, ADX rising from under 10.
    A move above restitance at 1.3050 would be a strong buy signal.
     
  2. T-REX

    T-REX

    I was long @ 1.2718
    mkt has now entered within the Overbought Zone.
    limite upside potential seen @ 1.3050 before a correction takes place IMHO.:)
     
  3. jrs3

    jrs3

    I am not looking to trade it, I am more interested in riding this possible trend, and earning interest on my long position. Long at 1.2634, 1.2714, 1.2687.
     
  4. T-REX

    T-REX


    good point however I still see limited upside potential.
    Don't get me wrong I'll be the 1st one to take another long position if I get a good signal.:D

    Way to go on your longs dude.:)
     
  5. jrs3

    jrs3

    It might be overbought in a shorter time frame, but what caught my eye was the divergence on the Monthly chart in relation to its previous lows in 91,93,95. My target is 1.6000
     
  6. My technical indicates it's an uptrend.

    What would be the bottom of the current pullback (if any), you guess? :confused:
     
  7. I'd buy on a pullback to 1.29 if seen.
     
  8. jrs3

    jrs3

    My guess would be around 1.2900
     
  9. jrs3

    jrs3

    Wow that was weird you posted at the same time I did with the same target.
     
  10. Nice guess, it looks like a pullback so far.

    After 1.2900 now, what would be the next high or low you guess? :confused:
     
    #10     Apr 6, 2004