USD/CHF: Time Zones to Swing. 2011-11-10

Forecast

Mourad El Keddani

USD/CHF: Swing Formulas.
 
Take the last four strong levels (Red lines at the chart):

• Swing Bearish Trade = (Sum of Resistances ) / (Total of Resistances)
• Swing Bearish Trade = (0.9030 + 0.9150 + 0.9225 + 0.9300) / 4
• Swing Bearish Trade = 0.9176

• The market will indicates a bearish opportunity on level of 0.9176, at the Fibonacci time zones between November 10^th, 2011 and November 15^th, 2011.

Weekly Pivot Point = 0.8945

• Take profit should be placed at Pivot Point.

The value of 100% Fibonacci Retracement is: High = 0.9315 on H4 chart.

• The best location for placing a stop loss should be above 0.9315.
  

It should be noted that:
Take Profit = + 231 pips.
Stop Loss = - 139 pips.
Take Profit  = 5/3 * Stop Loss.

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