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USD/CHF: Buy signal in bullish channel at 0.9140-60

Published 10/07/2011, 09:59 AM
Updated 05/14/2017, 06:45 AM
Cross holds nicely in bullish channel after intervention and Frank peg to the Euro in the beginning of September. Currently USD/CHF is showing some weakness - made bearish divergence on H4 chart. If we plan to enter some Longs, 0.9140-60 area near rising trendline is the most attractive.

Well, about Stop Loss, it would be definitely below channel's lower trendline (for about 50 pips). Close below would mean breakout of supports and more weakness. Talking about profit target, there is no particular levels so we would tend to close half for +100 pips and let the rest run to obtain the maximum profit.

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