Double Repo?

[supra]

Hi Neal,

Attached is the USD/CHF daily chart. Please advise whether that is a potential double repo.

Thank you.

[FibMaster]

Hi Supra, thanks for posting.

The thrust coming into the pattern is not too strong. So, at best it is a look-alike DRPO. The better the thrust, the better the pattern and the result, usually. Thrusting bars are long, with few retracements, and are usually exceptional compared to average.

This look-alike can be traded as a DRPO, but be cautious and not excessively optimistic.

This link may be helpful?
Click to research Double-Repo (http://www.google.com/search?hl=en&as_q=&as_epq=&as_oq=%22double+repo%22+drpo&as_eq=&num=10&lr=&as_filetype=&ft=i&as_sitesearch=fibmarkets.com&as_qdr=all&as_rights=&as_occt=any&cr=&as_nlo=&as_nhi=&safe=images)

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[supra]

Hi Neal,

Thanks for the clarifications and the useful links.