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Monday, December 14, 2009

Swissy update

Good Evening Dynamic Traders,

The Swissy is a chart that I have been in for some time this year and recently got stopped out due to tight management of my position.
Price has gone up out of the channel to retest previous support (now resistance) which also coincides with a RN. Today has produced a bearish bar and there are initial indicators of a possible continuation although not fully confirmed. I now await for the right opportunity to enter short.














Another interesting chart is Gold, has price found its support or will it continue with the pullback? Price has not quite got to the Fib breather level which also coincides with the TL so there is a possibility that it may continue further down. I will keep an eye on this chart and if I see anything more I will post on it tomorrow.


Good Trading!
Bijal Shah

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