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USDCHF: Doji on H4 at resistance level | February 12, 2017



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Usdchf has found some resistance at 1.0040-60 area. We can see doji pattern on h4 time frame. Then bearish candle is suggesting sell idea on this pair again. So we can stay on sell mode on next week below resistance area.
Stochastic indicator is staying at overbought area. So sellers are ready now to take control over the pair. If this pair can stay below resistance level, we can open sell entry and stop loss will be above resistance area. Sell target will be 30-80 pips.
On h4, this pair is below 200 EMA, so still we can stay on sell mode below this 200 EMA which could be act as resistance for this pair.


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