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forexchief

Trading Strategy by jimmyforex.com

Discussion in 'Sistem Trading Forex' started by jimmyforex.com, Feb 27, 2013.

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  1. jimmyforex.com

    jimmyforex.com New Member

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    CHF/JPY to reach 94.6027 in 4 days
    As you can see from this trade opportunity alert for CHF/JPY, the pair is expected to fall to the target level 94.6027 in the following 4 trading days. The price recently broke the Up Channel chart pattern identified earlier by Autochartist on the 4-hour charts. Autochartist sets the stop level for this forecast at 94.6027 (B, the top of the aforementioned Up Channel).

    This point was formed when CHF/JPY turned down form the long-term resistance level 104.00 (which reversed the pair strongly down in 2008 and in 2011). The presence of the downward sloping moving average increases the probability that CHF/JPY will fall to the target level 94.6027 in the next four trading days.
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  2. jimmyforex.com

    jimmyforex.com New Member

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    USDCAD at an 8 month high – Looking to Buy Dips close to 1.0268

    USDCAD at an 8 month high – Looking to Buy Dips close to 1.0268 with stops below 1.0250USDCAD- Contrary to yesterday bearish outlook gains in USDCAD resulted in the pair trading to the highest level in 8 months (with last month’s net gains the largest in 8 months).

    Signals for sentiment are at overbought extremes so although there is no clear indication that the outlook is reversing, we look for a profit taking correction lower to get long today.
  3. jimmyforex.com

    jimmyforex.com New Member

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    AUD/USD to rise to target level 1.0331 in 2 trading days

    Autochartist today sent this trade opportunity alert, which forecasts AUD/USD to reach the target level 1.0331 in two trading days (till next Monday). This trade opportunity alert is based on the Down Channel chart pattern (from the 12 February) identified by Autochartist on the 4-hour charts. The stop-level for this advance is set at 1.01485 (point A, the bottom of the aforementioned Down Channel, which is still being formed). The target level 1.0331 (B) corresponds to the level of the previous downward price reversal from the upper resistance trendline of this Down Channel.

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  4. jimmyforex.com

    jimmyforex.com New Member

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    NSD/USD continues to rise toward 0.8418

    NSD/USD has been rising steadily in accordance with the following trade alert that I received last Thursday. The completion of the 4-hour Falling Wedge chart pattern started the sharp upward price impulse (shown on the second chart below) which broke the resistance level 0.8365 (point B) that was mentioned in the original trade setup description The breakout of this resistance level accelerated the upward movement which should help the NSD/USD reach the target level 0.8418 in the coming sessions.


    The following chart shows the latest price action since this trade opportunity was identified:

    As you can see from the following PowerStats chart for NSD/USD, the upper boundary of the daily Expected Price Range (0.8404) stands close to the target level given in the above trade opportunity alert (0.8418) which increases the probability that NSD/USD will soon reach this target level.

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