Forex Market Commentary April 19th 2011

Forex Market Commentary—USD/CHF rises in a consolidation C wave of a wave 4 opposite most other currency pairs which are selling off to their C and/or A wave targets. Watch the 4 hour time frame for a burst of volume in falling price action as these currencies reach their targets and then reverse suddenly in deep retracing wave 4s of the C wave waiting for the final wave 5 of the C wave before full reversal up-ward (USD/CHF and any correlated pairs doing opposite).

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