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Dynamic Trader Blog - Forex Chart Pattern Signals

Tuesday, May 19, 2009

GBPCHF Triple Top?

Good Evening Dynamic Traders,

Last week I mentioned the GBPCHF was in a squeeze formation. Since then the price has not broken out but is showing a potential triple top and is at a trend line resistance. These strong signals are coupled with divergence on multiple time frames indicating that a possible reversal may be in the making.

ESLT may be employed for either a continuation should the price decide to break through or produce a reversal.


























Good Trading!
Bijal Shah

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