The Swiss Franc intra day.

Good morning Dynamic Traders,

This morning I am looking at the CHF on a four hour timeframe.

This pair on this timeframe has been consolidating lately and has recently pulled back to a breather level and is now attempting to break the V.I. and figure area.

The Stochastic sub chart indicator is supporting such a move at present in this consolidation zone but wait for confirmation of the break before applying your filters and be aware of the previous S/R zones, also see what type of candle develops here for further confirmation to support a possible upside move.

As always please ensure to do your own analysis before taking any trades and gather your supporting indications as taught by 'The Dynamic Trader' courses and webinars.

Please take into account that the daily short term trend is down and therefore this would be going against the trend and so extra care is needed to get the correct entry point.

However should this decide to go down from here the opposite would apply and a break down of former R/S would tie in with the daily trend, leading to your confluences building to the short side.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.