Friday, January 15, 2010

By User: usd/chf

Name: forex-practitioner
Title: usd/chf
Message: I just wanted to point out this complex corrective that is appearing on the usd/chf and eur/usd right now. Accept on the eur/usd this same pattern happens to be expanded. Since both currency pairs are -95% correlated, sometimes one appears more clear than the other. We are inbetween support/resistance right now and I think we are close to a break out. The 4hr would indicated a \"bear flag\" which would be equal in length to the move prior to the consolidation. Waiting for sufficient break-out at this point....
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