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Don't forget your EMAs
Bearprofits, your idea to buy USD/CHF was OK but the timing wasn't. If you put up the 10, 20 & 50 period EMAs on your charts you'll see that the price today retraced to the 20 period EMA, made a nice hammer and at that point a buy would have been better (i.e it's not near the top of the day's likely range). The retrace was also just shy of the .618 Fib level. Interestingly the price made it to a tad above the daily R2 level of 1.2813 giving days range of 160 pips.
Don't hit too many books !
Regards
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