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Currency Strenght

Wednesday 9 February 2011

EURCHF Daily

Yes very complex. I have a wave 3 on the 14/01/2011
wave 4 on the18/012011 which is the 1st dip dwn then the up in 5 ending on the 24/01/20011 @ a high of 1.31
Then I, II @ 1.28 on the 31/01/2001 of a higher degree so ineffect were a wave 3 of a higher degree and on the lower time frame we should have a dip for a 4th wave dwn then up in 5 which will also complete wave 3 of the higher degree at 1.3346/1.340 which is also the 200DMA on the daily
Prices are also above the 100DMA but held by the poseidon  median line at the resistance of 1.3205
We are buillish on the daily with a bullish swing
I believe we should have a Minor 4th wave decline between 1.3082 and 1.291 with the 4hr overbought stochastics then up again to complete the 5th wave at around 1.3350/1.34
I will only consider buying this with an 4hr entry with my 4hr stochastics for Entry  
Good Luck!!!
Pls also check MarketVisionTV.com

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