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
Thursday, June 23, 2011
EUR/CHF +433
On previous entry we got stopped out, and that is negative. On a positive side is that we have even better entry point, because we still believe that exchange rate between EUR and CHF is far too low to survive at current environment. Imagine how it feels to Swisss businesses that just year ago had exchange rate as high as 1.42. We believe that market is going to bounce back.
Stops @ 1.1720, and profit target 1.2380.
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