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usd / chf update

01/09/2011

I don’t often post this pair, but @tradercisco and I had a discussion about this earlier in the evening.

Chf is clearly rangebound on the 4 hr chart. There are all sorts of names for this – double top, bull flag, consolidation. Bottom line is, a solid 4 hr break and close outside the candle range (.9630 – .9680) should give indication of a trend. To trade it like Mr. Cisco, post break, wait for it to come back and “kiss” the prior range.

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