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European and American USDCHF Session: Looking at price action

February 18, 2011 by Forex Market

The USDCHF ranged from almost 40 pips during the Asian session. Let’s look at price action. The first chance we had was at the opening of Frankfurt when the price broke the Asian media. The pair took downtrend by declining minimum and maximum it can carry out our own profit taking by resetting the Stop each time there is a new high. The price was almost double zero RSI divergence form, chance to close if we had not done before. The next opportunity came in the opening …

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