Technicals *Weekly stochastic over sold/ Daily and 4hr indicators are in over sold correlation also. *Price is narrowing within the channel signaling a potential reversal. *The NKY index is starting a long term retracement, which give CHF more strength. *Trend lines from different price swings indicate where some of the starting and stopping points will be for this channel breakout.
Approach *Aggressive- Buy at the first sign of weakness in the candles. *Safe- Wait for the termination for the first impulse and retracement on a smaller time frame where you get a higher low.
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