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USD/CHF pair has been in a free-fall

10 November, 2006 | Trading Commentary | By: Admin

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It should come as no surprise to you all that the USD/CHF pair has been in a free-fall, given the Big Dogs were extremely short the Swissy - setting up the fall. Once the dumb money jumped on the bandwagon, it was, ‘Watch out below!’ Of course, I alerted you all to this fact earlier on - so, once I give you such information, you should play Dr. Sleuth, and get ready to ‘Sell the rallies in the downtrend!’ Take today, for example. All chart levels were showing price weakness, coming into today’s session. Using an oscillator like STO (Stochastics), it’s then simply a matter of selling those rallies folks. It doesn’t give much easier than that, once a currency pair gets on a roll. Trends are beautiful (like poetry in motion), once they reveal themselves. We go into great detail on how to use indicators properly in the members area at www.forexmentor.com. See you there, and at the bank.

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