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Monthly Archives: August 2014

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USDCHF moves up after a WRMB becomes a possible BM

USDCHF completes month 1234 pattern On the Monthly chart, we can see that price has created a 1234 pattern with price completing a WR of point 2 on the close of July 2014. H4 shows completed WRMB and pending BM set up Zooming into the

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USDCHF – trading big pattern, aiming for big pips

I wrote about EURUSD in my previous post with view that EURUSD could see 1.3050.

USDCHF is usually regarded as the sister of EURUSD, where if EURUSD is down, USDCHF could be up.

Let’s check USDCHF technical picture.

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EURUSD technical picture suggests move to 1.3050

Technical picture provides 3 clues that suggest EURUSD may go to 1.305: 1) downward equidistant channel 2) significant 50% Fib-R support not reached yet and 3) pennant chart pattern that points to continuation.