Taking a look at the 7x email alerts for Currencies for the week of Oct 2

This week in the currencies world, we had 1 majors pairs show up on 7 time email alerts.  Typically a 7 time email alert is high probability for a trend to begin. But it can also be a high probability to reverse. Lets take a look at this past week high probability email alerts.

usdchf alert

We can see USDCHF reversed and went to the bottom of the consolidation. No it has pulled back to a major resistance. Its in between the D teken-sen and kijen-sen. If the 2hr level doesn’t hold, then we will retest the high of the consolidation.

USDCHF Chart

 

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.

 

About the Author Michel Colquitt