enter at 103.425 on 04-13-2013
stop loss at 103.784
Target at 104.338
there was a retest at the .5 braking the .618
Enter trade as a sell, at the .96398 point and ride it out until it hits .96162 point.
watch the wave
USDCHF more supporting signal in weekly charts showing growth. plus with Mondays CHF Consumer Price Index (MoM) (Apr) & CHF Consumer Price Index (YoY) (Apr) might not look so strong of an effect.
Doing a little research looking back at the the big short of Jan 2015 looking for future trends
1.46675 -1.47048 tomorrow targets
stop at 1.40967 if your going short, the bulls will rally up at this point.
After long drive north, there will be a small sideways trend. Until the momentum build for the bears to take a leap.
On Friday 2/26/2016 the Bulls will come back with a quick push after today's performance. That is all contingent on 08:30 Goods Trade Balance(Dec) doesn't push the bears into a stronger position. Tomorrow is news day but we can all hope.
After a rise to 1.45257 it will bounce back creating a Bat Pattern, causing the Bears to take control of the market once again following the down trend
No news was reported to cause a spike, but the bulls came from left field for a gain.