The Swiss Franc intra day.
Good evening Dynamic Traders,
Tonight I am going to give a quick intraday posy of the CHF on the hourly chart.
All trends are up here on this pair, but for intraday trading the figure above is clustering with a near by fibonacci extension and the AdvancedGet EW projection of a W5 and has got the MOB in the vacinity too.
There is also divergence with the MACD indicator, which when put together adds up to a possible pullback/reversal on the cards, and therefore if in this trade would suggest the tightening of stops.
As always please ensure to do your own analysis before trading.
Charts courtesy of AdvancedGet.