Thursday 1 April 2010

US$ CHF




This is a updated short term pair of ML's shown in 240 &60 min with reaction lines. Although today's large whipsaw movement is probably not over and many would say that it is too early to draw a ML set using the single bar/candle low at 1.0434...just look how it works!... with price touches all up the handle and the centre line almost hit as well. The Blue P0 is debateble and i have used the swing low nearest to P1-P2( to guage the first possible reaction line zone) but it extends back perfectly to the previous swing low (illustrated with a dotted blue line).

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