USDCHF Outlook for the week 27th - 31st Jan, 2014

USDCHF Outlook for the week 27th - 31st Jan, 2014

Daily Chart

• Our bias for this week is bullish as we had rejected the monthly pivot, which also is confluence level of 61.8 fib back
• Descending Trendline was broken (not shown on chart), however fell back into it slightly after Last Thursdays big candle

Hourly Chart

• On the hourly chart, price action is moving upwards, (slowly)
• Although bias is bullish for the week, i have a short trade as shown on chart

Outlook Trade opportunity

Please see H1 Chart

Risk Level LOW

Tips -

Always take note of any economical news event on our provided calender below

GBPJPY Trade Setup for 28th Jan, 2014 Tuesday

GBPJPY Trade Setup for 28th Jan, 2014 Tuesday

Please note we have GBP news later today

Scenario - If data comes up above average / slightly positive 

• The second counter trend would be a nice one to take which would line up with fib confluence together with ADR range as well as a Supply and Demand level.

• First counter trend will only take if price gets there 2 hours prior to news event

Risk Level Medium

Tips -

Always take note of any economical news event on our provided calender below

EURGBP Trade Setup for 28th January, 2014

EURGBP Trade Setup for 28th January, 2014

We have economic data for GBP later today so if outcome is neutral or slightly positive, we will take the first counter trend

If data is good, we will then take the second counter trend trade.

Notes - we have broken support, last week and recovered , some of you's would say its a 'false breakout' - please see daily chart. 

Risk Level HIGH

Tips -

Always take note of any economical news event on our provided calender below