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USD/CHF Engulfs Prior 4 Days after Trendline Re-Test

USD/CHF Engulfs Prior 4 Days after Trendline Re-Test

2013-11-20 00:09:00
Jamie Saettele, CMT, Sr. Technical Strategist
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eliottWaves_usd-chf_body_Picture_4.png, USD/CHF Engulfs Prior 4 Days after Trendline Re-Test

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-Keep in mind that the first day of the month remains the low for the month at .9064.

-USDCHF reversed just after dipping below the 11/4 low at .9091.

-Estimated resistance within the range is .9207.

Trading Strategy: .9120/40 is support for longs. The stop needs to be .9075.

LEVELS: .9044 .9095 .9144 | .9207 .9250 .9289

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