I have stayed away from any CHF pair since you know when ...

This one caught my eye today so I would like to ask if you would go short.

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Comment by Jawad Aslam on January 31, 2015 at 8:15pm

Oasis ofcourse it is a short entry area but bro if i trade thiis pair then i must wait for the cofirmation from candle stick pattern like evening star or any reversal pattern

Comment by Jawad Aslam on January 31, 2015 at 8:16pm

61.8 level is a confirm short area for about 300 to 400 pips 

Comment by Jawad Aslam on January 31, 2015 at 8:24pm
Comment by Oasis on January 31, 2015 at 8:35pm

Jawad, how about a bearish engulfing on H12?

Comment by Jawad Aslam on January 31, 2015 at 8:37pm

oh yes...pure signal...got it......

Comment by Jawad Aslam on January 31, 2015 at 8:37pm

thanks will now keep an eye on usdchf too

Comment by Oasis on February 2, 2015 at 2:47pm

Hi Jawad, I am thinking of a sell stop at 0.91620 (below Fri candle).

Comment by Jawad Aslam on February 2, 2015 at 3:20pm

Hi Oasis...just came back home from job......let me see the chart...i will suggest what i will see from chart

Comment by Jawad Aslam on February 2, 2015 at 4:46pm

OASIS bro, on daily chart the prices are challenging the 200 MVA .If we use the Bollinger Band then prices are challenging the mid band. Also prices are challenging the 50% retracement from recent decline.selling will be in play for a shorter period of time soon i think but before that we may have the confirmation for that spot on daily chart to relax a bit. Therefore i was saying a confirmation pattern like here in EUR USD we had bullish morning star after  that prices are halted with risk towards a very short term recovery up to 1.1440 i think a break of which will expose some other retracement levels and a failure will cut it down to 0.9000......So my brother i always look for the confirmation. Other wise its your money you can take your decisions. What i have told you is my style of trading. Confirmation makes us relax up to 80% that we are safe until the close of position. If you think its right to sell below the Friday low then i pray your prediction may become most valid than other persons including me. Almighty may bless you :)

Comment by Jawad Aslam on February 2, 2015 at 4:54pm

Draw a Fibonacci retracement tool from recent low to the today's candle top and see levels bro

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