The Swiss Franc failed to capitalise on its breakout on the 17th of October which saw the Index jumped from 100.5 to 101.8. The Index started last week's trading session on a slippery path after the price gap to the downside and continued its downtrend to the end of the trading week ending at 100.5. Major support is at around 100.5 at the bottom of the price...
* 50% for all predicting. - Weekly: pinbar - Daily: False break with Real Divergence at MACD-H and RSI. - H4: a long signal at H4: break up the consolidation line.
a perfect picture of the franc currency positively affects all CHF pair trades
- Daily: false break? H4: Hear and shouler & Divergence - H1: Megaphone pattern
In this set up we see the following: Divergence Stop Hunt Break Of Structure + Retest Looks like a Great Opportunity to Short The Swiss Fran Pairs. ALL Glory Be To The MOST HIGH!!!!
short idea on SWISS FRANC CURRENCY INDEX h4 chart
SXY - Looking to go long next week if I get the right trade entry signal :)
Using Elliot Wave Theory, I believe we are getting ready for the last correction phase. For more, please follow us @UnifiedTradingInstitute #forex #daytrader #EWTheory