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ggekkotrader
May 28, 2014 9:57 AM

USDCHF - Short Term Long Trade Long

U.S. Dollar/Swiss FrancFXCM

Description

On a 1D chart a double bottom formed (some could even consider a triple bottom). Price then broke out above pivot point of 0.8951
Next significant resistance region could be between 0.9050 - 70

Hence, took a short term long position with stop at 8940 and target at 8950 (conservative).

!!!! Constructive criticism and feedback are welcome!!!
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