Wednesday, February 19, 2014

USD/CHF Long Opportunity: UPDATED

A Bullish Gartley pattern has formed on the USD/CHF Daily chart.  Stop-Loss should be placed below point X.  Fibonacci Price Target levels have been drawn on the chart at 38.2%, 50.0%, 61.8%, and 78.6%.  The first chart shows the Fibonacci retracements of the XA leg.   Happy Trading.

"If skills could be acquired by watching, every dog would be a butcher."
                                                                              - Turkish Proverb







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