Sunday, May 1, 2011

Hourly Forex Trading Strategy #CHF - Wedge on the Daily Dovetails with the Hourly

Both the Daily and Hourly charts are taking a declining wedge structure that suggest we are nearing a major point of inflection. As interim 86.10-25 support holds there is scope for an interim 87.30 recovery as the market sets to spike the ideal 85.70-85.90 target zone. Over 87.70 would warn an early reversal but only over 88.80 confirms an initial return to 90.10 but as the start of a much

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