Saturday, 25 February 2012

EurChf - more of a gamble than trading lately

I dont really look at EurChf as far as trading goes nowadays due to the one obvious fact that at any moment it could go nuts in both directions for a few big figs then reverse the same all in a matter of minutes.... 25 yards of stops under 1.2000 and the SNB intervening... OK if your a Binary Options kind of person..but not for this cub.

But,  for people who persist here is the current pattern unfolding.

Target - 1.2033 - AB = CD and a tad through the 161.8 fib extension as the retrace did not quite make it all the way to the 61.8.

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