Daily Analysis and Indicators by The Forex Cabin

finikas

Master Trader
Nov 21, 2012
52
0
47
A buy opportunity on the USDCHF has risen following the easing in USD and the rise in EURUSD with which is correlated.

USDCHF (4-HOUR) BUY

Why Buy
- A clear UP trend pattern
- Trend indicators pointing Up
- A correction may be over evident by the Up candle currently formed and the Extreme indicators being oversold
Note: Wait for an additional Up candle before going long

Read the rest of the today's Trend/Wave/Extreme analysis for the market here.
 

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