The Aussie Dollar Swiss Franc review.

Good afternoon Dynamic Traders,

Due to NFP change and other high impact news I have not traded today but thought I would review yesterdays blog.
As can be seen from the image below price action did indeed move up to the area written about at the fibonacci extension, and other confluences and since has retraced offering over one hundred and fifty pips if taken from this area using an aggressive stance with small stops.

The retracement thus far is looking just that, a retracement. I am in this trade with profits locked in and am not expecting too much more with price now in the breather zone and therefore have got a tight stop using my lower timeframe with a view to entering a long position should the opportunity arise.

Charts courtesy of AdvancedGet.

Have a great weekend.

Clayton Farnworth.