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USDCHF: Pullback Near Completion, Ending Diagonal Indicates A Turning Point Near 0.9400

Discussion in 'Technical Analysis' started by Kaitlin, May 2, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    USDCHF is in a big pullback since end of 2015 that we see it as a corrective and temporary decline. Notice that downtrend is overlapping which is evidence of a contra-trend movement so we suspect that downtrend will be limited. We are looking at an ending diagonal in wave C-circled,[​IMG]

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