My Ironclad Rule

"It's not how many pips you make, It's how much risk you take"

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Tuesday, March 30, 2010

USDCHF : Bearish Gartley [UPDATED]


USDCHF is also converging and still in the downside bias. Break of 0.886 AB at 1.0597 will confirm that the pattern has failed. MACD is still favoring the bearish trend. During the short rally yesterday, it was rejected two times by the 100 EMA.

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