$USDCHF 29 Nov 2010

Here is the USDCHF. From technical point of view, it is forming a almost perfect harmonic pattern. Every point hits the target. Well, this doesn't mean the pattern will work out. However, pattern recognition trading is about providing you a road map, or a window for you (well, at least, for me) to enter the market.

Have a closer look at USDCHF, we are approaching reversal zone, and I see confluence of resistance and Fib levels. Bearish harmonic formation might be signaling the continuation of down trend. Well, let's see.

Here is the chart to ...CONFUSE you.

USDCHF_28Nov2010_BearishG — $USDCHF Bearish Harmonic setup

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John Adams — Trackback2010-11-27 14:58:01 UTC

$USDCHF 29 Nov 2010: Here is the USDCHF. From technical point of view, it is forming a almost perfect pa... http://bit.ly/hU0CGH

Gav (Trader Gav) — Trackback2010-11-27 14:59:39 UTC

Have a look at $USDCHF 29 Nov 2010 http://bit.ly/eMhnfF

Banker2010-11-28 02:32:00 UTC

Hey Gav, So you are looking for the Dollar to potentially weaken?

jopito — Trackback2010-11-28 02:52:00 UTC

RT @tradergav: Have a look at $USDCHF 29 Nov 2010 http://bit.ly/eMhnfF

$USDCHF 29 Nov 2010

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