Mon, 05 Nov 2012 17:16:55 GMT
Weekly trade pattern idea
USD/CHF has formed a Double Bottom pattern on 1D chart. The pattern has 56% quality and 72% magnitude on in the 74-bar period.Pattern started on 24th of July, 2012, when the pair peaked to 0.9972; currently it is trading at 0.9435; pattern's resistance is at 0.9439. Current market sentiment is bullish as 74% of traders hold long positions on the