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Forex pairs in this Article » USD/CHF
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eliottWaves_usd-chf_body_Picture_4.png, USD/CHF Rebounds; Needs to Take .9020 in Order to Suggest Larger Bull Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-On 12/27, USDCHF spiked to its lowest level since November 2011. The advance from the 12/27 low is impulsive (5 waves). As such, it’s possible that an important low is in place.

-The rejection at former lows (June and August lows) has given way to a larger dip. The rate has held the top side of the former resistance line so a secondary low may be in place at .8902.

LEVELS: .8859 .8902 .8945 | .9006 .9020 .9063

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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