USDCHF Forecast and Trade Setup for 1 Aug, 2014

USDCHF Forecast and Trade Setup for 1 Aug, 2014

Daily Chart

• Doji Candle from the 88.6 / resistance zone (note its also a 38.2 on a weekly chart)
• Also the upper band of the bullish channel

Weekly Chart

Outlook Trade opportunity

Being a friday and NFP in 12 hrs time, I would have wide stops and a smaller position if i had to trade this (counter trend) and target the bottom of the upward channel

Risk Level Medium

Tips -

Always take note of any economical news event on our provided calender below