Short Change Swiss

Good Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = CHF Daily Chart (Posted Below)

Long Term Trend = Up Short Term Trend = Down

Having taken 90 pips on Tuesday and mentioned that if we clear the area of "Resistance", "RN" and "Value Index" then we have clear sky above, we were pulled right back to this area of congestion yesterday (Wednesday)

Stochastic s are showing in the OB area and we could see further weakness back to a 123886 before going with the long term trend and retesting the area of congestion for a 3rd time.

MACD continues to show a continuation of the upward movement on both histogram and lines, and the early candle of today as I write is bullish.

If we retest the resistance area then a BOB with ESLT like Tuesday is advised.

Those readers whom have attended the webinars, will be aware of the techniques taught and entry positions suited to the situation. Ensure you carry out your own analysis before entering a trade.

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Courtesy of Advanced Get / E Signal

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Trade with Passion

John Maher
Forex Analyst