Hi ,
Trade Room Performance 05-16
+172 Pips for the day, +1186 Pips to date, for the month
Yesterday 21 trades were taken returning +172 pips. You can view details of our trades at (Trading Record).
Trade Ideas For 05-17
Trade Idea USDCHF: Swissy again met strong resistance at the key resistance area between 8920/8940, marking the 50% fib level from the recent move down. This is still likely to be a barrier but on a break the next major resistance area lies at 9000/9030 which also represents the 61.8 fib retracement level and offers good risk reward. Beyond that 9125 is likely to offer resistance. On the down side the 8790 area has provided some support. Beyond this the next level of support is likely to be found in the 8720's/8690 area(See USDCHF charts)
Safe trading
Paul Simpson
Visit our site at www.forextraderscorp.com and watch our trading ideas at www.tigerpips.com
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