Thursday, April 28, 2011

Daily Forex Trading Strategy CHF - Further Refining Declining Wedge

The rally has thus far been without the strength or the power to confirm the end of the persistent decline. Thus as minor 88.30-86.70 consolidation continues we have to assume the pattern is still in force. This would allow a spike to 85.70-90 and offer a confluence of support with the E leg approximating the A and C legs and offer equality in the 3 wave drop from 93.40. Only over 89.00 at this

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