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Massive sell signal on USD/CHF today!
By Sean Hyman | May 28, 2009
Want to go against the crowd? Traders are piling in long USD/CHF in a major way. The only problem? USD/CHF is in a downtrend. Therefore, these guys will either get stopped out (which causes selling pressure) or they will freak out and reverse their positions which also adds selling pressure. How do I know they are so “long” USD/CHF? Look at Dailyfx.com ’s SSI reading and you will see: http://www.dailyfx.com/docs_pdfs/research/FXCMSSSI05282009.pdfWant to take advantage of this? Then you can open up a demo account here: http://www.fxedu.com/practice-forex-accountOr a live account here: http://www.fxedu.com/live-forex-accountNeed to learn more about this market first? Go here (http://www.mywealth.com/currency-trading.php)to get started in an inexpensive online course that’s available 24 hours a day…no matter where in the world you’re at…you have live instructors there to answer your questions anytime 24 hours a day Sunday evening through Friday evening. Sean Hyman
www.forextradingblog.com
Tags: account, blog, CHF, course, currency, dailyfx, demo, demo account, dow, downtrend, forex, forextrading, fxcm, fxedu, instruct, instructor, live, market, mywealth, practice, Sean Hyman, ssi, time, trade, trader, USD
Topics: What To Look At In The Market |