Tuesday, March 5, 2013

USDCHF: Hit Resistance after Fakey with Pin Setup 05/03/2013

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On February 25th, I pointed out a significant bullish setup (Fakey with Pin) Which has come off quite well. All who took advantage of this recommendation would have netted quite a large pip volume in profit. At the moment, the pair seems to have hit resistance and if it manages to rotate lower, long entries should be sort at about the near term support (0.9370) as indicated on the chart above.

My recommendation: Wait and do nothing yet 

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