Forex Signal Desember 2015: BUY USDCHF

First thing i want to show you that, last week USDCHF downward move was stoped at the support level (how to draw price level). Let's see USDCHF weekly movement:

Last week was a red candle, you can see it clearly at the picture above. This candle was close very very closed to the support level. I marked the support level with white doted line.

This week, USDCHF retest the support level (see the green candle right to the last week candle). It try to break the support, failed, then bounce.


Why you should trade this currency:

1. it's a good location to trade

The price is bounce exactly at the support level.
The upside movement is supported by the 20 Moving Average (moving average as price level)
So, the USDCHF upside movement supported by to kind of support level, horizontol support and MA support.

2. it was an upside movement

the price is above the 200 Moving Average
the moving average was in a right order, 20 MA, 50 MA, and 200 MA

Remember, MARS Trader only use price level and moving average to trade (don't forget to used weekly chart)

Enjoy your trade