Swiss Secrets

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

As we come to the end of an exciting first week of this years trading, I want to summarise where we are or going with the CHF before we leave this cross.

I do suggest you keep the CHF on your watch list and be patient whilst we await the right set up for entry of your trade.

With the longer trend going up, we had a double top between 21 Nov and 5 Dec before falling away to support of a RN and then bouncing to a Fib retracement level .500, retail index and further RN.

In the shorter term with stochastics turning down from the OB area, weakness could take us towards testing the previous support and RN in what could be called a triple bottom.

Those who have had the mentoring sessions and webinars will recognise an oppertunity for a Fib123786886 which will require patientce for set up.

For those with an artistic eye, shorter term gains could be had with the candlestick pattern of the letter M which also takes price down towards suport.

As always do your own analysis before entering the trade and ALWAYS use a "Stop Loss"

Ask yourself before entering the trade "How much am I prepared to lose on this trade, and not how much am i going to win"

Is your decision the same ?

Have a great week end, C'mon United

















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst