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Art_of_Trading
Mar 9, 2016 7:55 AM

USDCHF: BAT Short

U.S. Dollar/Swiss FrancFXCM

Description

The Bat pattern appears on FX:USDCHF, which will finish its D leg soon. This gives a signal to go short. Moreover, there is a resistance level at 1.0008. Price respected that level few times and it is more likely it will do it again.
T1 - 38.2%
T2 - 61.8%
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