Smart and profitable traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. Stock and forex traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new traders will try and fight the trend.
Friday, March 28, 2014
USD/CHF Daily update
USD/CHF Daily 13::15GMT - Mkt. reached the s/term limit with the trade near the 0.8895 res. Current setback should find sup. at 0.8835/40 and prices should rebase there. Lower sup. is at 0.8815/20. Res. is now at 0.8899.