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kaiserace13
Jun 6, 2014 12:41 AM

USDCHF fake breakout, now what? 

U.S. Dollar/Swiss FrancFXCM

Description

Yesterday breakout after ECB announcement seems to be a fake breakout. The daily candle creating a long "foot". Learn from the history, if there is a long "foot" like this, it's the sign of reversal. The price now is below EMA 21. I guess, it's wait and see time now.
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