Tuesday, April 26, 2011

Daily Forex Trading Strategy #CHF - Parameters for the Wedge

Simple swing targets would allow for a swing as low as 86.00 but the declining wedge pattern from the 1.0065 is near complete. Any rally over the C wave low of 89.00 would be the first indication of the turn, although an upside break of the recent 90.10 corrective high is needed to add confidence. It should eventually be worth fighting the obvious downtrend as once the bottom is seen expect a

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