Sunday, July 24, 2011

USDCHF

It looks as if the swissey has chosen its path for some short time. Most likely, it will head north for some time now.

I usually don't take the first break of a triangle formation as usually the first break means a fake break and therefore, the real market intentions is usually the opposite direction.

Taking the first break on such a formation is too obvious. Therefore, a great opportunity for stop hunting.

Lets see if this formation confirm my thoughts.

Best.



The first break of such a formation confirms the real market intentions.

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