This week in the currencies world, we had 1 majors pairs show up on 7 time email alerts. Typically a 7 time email alert is high probability for a trend to begin. But it can also be a high probability to reverse. Lets take a look at this past week high probability email alerts.
We can see USDCHF reversed and went to the bottom of the consolidation. No it has pulled back to a major resistance. Its in between the D teken-sen and kijen-sen. If the 2hr level doesn’t hold, then we will retest the high of the consolidation.
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