USDCHF Forecast and Trade setup for the week ending 5th September, 2014

USDCHF Forecast and Trade setup for the week ending 5th September, 2014

• Bullish signals

• I was wrong last week where I was monitoring this pair trying to top pick it

• I did not understand or identify the price action where it was travelling inside the resistance zone where previously we only see daily wicks , however we saw the body of the candles and was in the range for a few days. I also did not drill down a lower timeframe and look closely at my support and resistance zones.

Monthly Chart

Weekly Chart

Daily Chart

Outlook Trade opportunity

Looking for Long scalps towards next resistance

Risk Level low

Tips -

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