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gbpchf followup

03/01/2011

Taking a look at the gbpchf.

Yesterday bounced off the .618 retracement and later trendline break. Watch for possible short continuations in the illustrated area between the .382 and .618 (between the yellow lines) on the attached.  This could form a “right shoulder” Until we get a good short confirmation, or another buying opportunity, unfortunately I am sitting this one out.

 

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