TRADING FOREX MARKET
The fact is that pattern exist is evidence of price manipulation, which in turn creates predictability that produces profitability for those who can see the patterns.
Greggory L. Morris
Wednesday, February 10, 2010
AUD/CHF (+103)
weekly and daily chart support move higher from current levels. On a daily chart support is provided by 100 day simple moving average, and on a weekly support is 200 day simple moving average and 21 day exponential moving average. Trade moto; follow the trend. Because of upcoming events (NY open and Bernanke testimony) stops are set bellow 92.50 and first targets to start at 94.50
p.s. Swiss National Bank really doesn't like when CHF appriciate.
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