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glennmercer
Apr 1, 2015 9:19 PM

GBPCHF Long - Target Near Monthly Pivot Long

British Pound/Swiss FrancFXCM

Description

Bullish divergence formed just before wedging. The 5m Murrey Oscillator candles are have also turned bullish for the 5m chart. Look for a move higher toward the daily pivot for 4/2. I took this pair long and placed my profit target just below the monthly pivot.
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