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USD/CHF - A Trade Plan to Sell from Resistance Cluster Near 0.9160
Stocks, Unit trusts, Wealth Management and Forex markets
03-03-2012, 01:31 AM
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The one
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Join Date: May 2000
Location: UK
Posts: 97,313
Potenza rep: 10
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USD/CHF - A Trade Plan to Sell from Resistance Cluster Near 0.9160
The USD/CHF followed a double bottom with a persistent rally that is now approaching the key resistance cluster mentioned in the previous update. The 0.9150-0.9160 area includes the 61.8% retracement of the 0.9298-0.8979 swing, the 200 4H simple moving average, and a declining trendline connect the 0.9298 high in February, 
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