Forex Trading System by A trader

Description - USD/CHF part 1. Phase 1 trigger with both stochastics overbought and the top stochastics showing divergence. We also have a phase 2 confirmation with price testing a longer term resistance and a fibonacci retracement level.

Next down on the hourly, we have a snug support trend line drawn in which is then transposed on to the 15 minute. A plan is then set and we wait for price to do what we want it to do.

For more details on the 2S4H Forex Trading System, visit the Stock Market Fisherman at <a rel="nofollow" href="http://www.atradersuniverse.com">www.atradersuniverse.com</a>