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USDCHF : Corrective Pullback Within Ongoing Uptrend

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 21, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    USDCHF is reversing after it reached a new high recently around 1.0300 which was our upward projected level from a few months back. A decline from recent high is sharp and impulsive, so we could be considering it as end of a bull- market. However, we always try to label the wave count in the direction of a trend, so as long as 0.9470 support holds trend is up. That said, a current bearish turn can be just another corrective move; ideally wave IV as part of an ending diagonal in wave C). We also

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