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ApolloFX
Jul 17, 2016 8:20 PM

USD/CHF - Breakout pending Long

U.S. Dollar/Swiss FrancFXCM

Description

Will be looking to take a long position on USD/CHF based on the following reasons:

- 0.618 fib support held strong
- Inside a falling wedge which is normally a sign of reversal
- Following NFP earlier this month, the dollar has seen unprecedented strength, therefore I expect this to continue

As always, trade safe

Trade closed: stop reached

False breakout!
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