To those who are trading with the TRUE NORTH inverse hedge. Hold the euro against swissy 'til eur/chf reaches 1.6800.
1,6762. EUR CHF broke 1.6740 resistance. EUR/CHF is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. My customized trend indicator on 1H and daily is in a bullish configuration. 1H and 4H Stochastic indicate a bullish pressure on EUR CHF. The uptrend should continue on 1.6800 round number resistance.
To know more about the True North Concept's hedge strategy, check this site www.freewebs.com/truenorthfx
EUR/CHF 10.30 Analysis
Posted by HARWIN at 12:51 PM
Labels: bullish, inverse hedge, true north concepts
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