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USDCHF – 4th week of APR
By FinancialVeracity  •  April 21, 2018
  Daily Chart – Tuesday’s close (bullish engulfing) increase market’s probability of trending upwards as the market progressively breaks bearish structure. The market is currently approaching 0.97800, daily levels, it is highly probable to see a decent selloff before market continues its bullish trend.     4 Hour Chart – Price action on the smaller time frame shows that the market is trading in a narrow channel (high bullish momentum), this increases the probability for a channel breakout, which is co-related to daily analysis, that market will have to retrace first. An entry should only be done once exhaustion of bearish retracement is visible in the key zone, such entry would put you in a 1:4 Risk to Reward Ratio....
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By FinancialVeracity
24 and on a constant lookout to improve my financial literacy in order to achieve “Financial Independence”. The sole purpose of writing this blog is to give whatever little financial knowledge I have to everyone.
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