4-hour timeframe
![Technical analysis and trading recommendations for the USD/CHF currency pair for December 2, 2009](\"https://forex-images.ifxdb.com/userfiles/usdchf(15).gif\")
The whole picture:
As we can see, the sideward movement finished and the price could not strengthen above Ishimoku indicator, rebounded from it after that the Ishimoku purchase signal was formed. The formed sale signal is working out further with the target of 0.9863. If the price strengthens above Kijun-sen, the current signal will significantly weaken. Purchases are not actual now as we have sale signal. Bollinger Bands are down-directed that also signals about downtrend course. MACD is following the same tendency.
The trading recommendations:
It is recommended to go a bear with the target of 0.9863, to drop out of opened positions in case of sale signal weakening, to put stop loss lower Kijun-sen.
The picture clarification:
The Ishimoku indicator:
Tenkan-sen — red line
Kijun-sen — blue line
Senkou Span A — light brown stipple line
Senkou Span B — light purple stipple line
Chinkou Span — green line
Bollinger Bands indicator:
3 yellow lines
MACD indicator:
The red line and the histogram with the white bars in the indicators window
Good luck in trading,
Stanislav Mikhailovich
December 2, 2009
