My Ironclad Rule

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

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Monday, April 12, 2010

USDCHF : Breakout


This pair reached my 0.500 fan and 0.618 retracement if I consider my X at 1.0583. However, I'm anticipating a break at both lines and straight heading to 0.786 retracement at 1.0625 where it might touch my 0.618 fan there. It's too early to predict the harmonic pattern for this one.

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