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Thursday, October 28, 2010

$USDCHF possible trade

This pair is on a short-term bullish trend and still we can't say that the overall trend is bullish.
But we can trade it exactly near the trendline. Again there was a retest of this trendline near 6 hours before and If the price goes beyond 0.9860 then we can go long to see 0.9920 again for our first profit target and near 1.000 for second profit target and our stop will be around 0.9800.
In other case we can go short when the trendline is broken.

Good luck

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