FOREX VIDEO - New York Session Review - Sept 30, 2009

Source: blogs.fxstreet.com

SNB strikes again! The Swiss franc sold off sharply during the first hour of today’s New York session as the BIS reportedly bought currencies on behalf of that central bank to weaken Switzerland’s currency. A Fibonacci study and the concept of role reversal contributed to the design of a trade plan for buying the USD/CHF currency pair during the minutes following the initial spike on the swissie pairs. The EUR/CHF pair served as a guide to closing the USD/CHF long trade for a 110-pip profit. Curt Wehrley FX Bootcamp’s Quantitative Analyst


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