“Good Night Project” Aug 2, 2015 Trade
Here are the scans for a multiple time frame support for 10m/30m/60m.
Ignore the “exotic” pairs and concentrating on the major pairs, we really didn’t find any good opportunities. Good opportunities is where the lower/swing are in the same direction as the higher time frames.
The only trade if someone was an aggressive trader would be for the CHFJPY. The multiple time frame resistance is at 128.69. This was a time frame on 10m,30m,60m,120m, and 240m. The Daily resistance is at 128.83. This is off by 20 points with the spread. The stop therefore would be over 35 points.
With the ability to trade only one contract at this time, this risk is too high.
We will put an alert at this level just in case it triggers in the morning when we wake up.
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
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