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360
Aug 4, 2014 8:13 PM

USDCHF Double Bottom and Inverted H&S on Daily  Long

U.S. Dollar/Swiss FrancFXCM

Description

As mentioned in the subject, on Daily we have DB and iH&S, both reversal patterns, We have a break of the neckline and a pullback for probably retest of it. I will be looking for a good entry and will target 61.8 fib retracement, as it's the exact length of the head of the iH&S pattern. Only thing that worries me here, is the rising wedge, normally a bearish pattern. But as long as it does not break out of it, long on touch of the bottom trend line, should be fine. Invalidation point i guess would be close below 23.6 fib.
Comments
360
Target met. You are welcome :)
Rinehart
Please give me 0.9000 to buy like a demon!
360
That makes two of us brother.
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