Swiss Franc Trade Opportunity against 9084
300 Minute Bars
Prepared by Jamie Saettele, CMT
“Bigger picture, the USDCHF rally from the August low has that 5 wave look. While each wave might not be ‘perfect’ in its individual construction, the point is that a countertrend move should be expected. Zooming in, the rally from 8880 consists of 3 waves so a drop below that level should be respected. Focus would shift to 8640.” 8880 gave way so look lower. 8950 is resistance and the downside is favored against 9084.
Trend Strength (M,W,D) – 0, 0, (1)
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