Intraday Opportunity in USDCHF
With support from the higher time frame trends, including the daily, and a potential double bottom in place on the weekly chart, today’s intra-day trend line break proved a nice set-up for short-term bulls.
To attend a live, interactive tutorial given by Jay on determining market direction tomorrow, 2-9-11, go to: Overview of Directional Lines
Jay Norris is the Chief Market Strategist at Clovernest Financial Group and the author of Mastering the Currency Market, McGraw-Hill, 2009. Jay’s second book Mastering Trade Selection and Management, McGraw-Hill 2011, will be in book stores this Spring.
DISCLAIMER: Forex (off-exchange foreign currency futures and options or FX) trading involves substantial risk of loss and is not suitable for every investor. Any charts shown here represent market conditions at a particular point in time. Such conditions may not be replicated in the future. Past performance is not indicative of future results.