USDCHF Forecast and Trade Setup for the week 12th May, 2014

USDCHF Forecast and Trade Setup for the week 12th May, 2014

Weekly Chart

• A very clear signal from the Bullish candle from a strong support showing perhaps we could go on a bullish trend? This is in conjunction with 
• Break of Bearish chanel and the retest shows a strong reversal signal as well

Daily Chart

• A false break of a newly developed bullish channel with a very good strong bullish candle from support
• As well as bearish clouds are thin and with the strong bullish momentum looks like it will break

Hourly Chart

• As per Daily and Weekly, bullish momentum should continue to at least the Monthly pivot, before a retracement perhaps before breaking the MR1

Outlook Trade opportunity

Long

Risk Level Low

Tips -

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