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Thread: Trend Line Trading

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#4 (permalink)

05-06-2008, 09:36 PM

Ilya Spivak Ilya Spivak is offline

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CHFJPY Break out of Bullish Channel

Having broken down out of an upward-sloping channel that had contained price action since February, CHFJPY found support at the 61.8% Fibonacci retracement of the 03/20-04/22 rally at 99.41. Should this support be broken, the bearish drop could be very large.

Ilya

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