The Swiss Franc.

Good morning Dynamic Traders,

Todays chart is of the CHF, and I am looking at this for a possible continuation down although it does sit at a former support level with a figure resistance which could cause some profit taking resulting in a bounce.

However should this break, another support level can be seen on the chart also at a figure but which also has a fibonacci extension near by.

Should the above happen use your confluences to enter when you have your trigger which could possibly come from other timeframes where a clearer picture maybe seen, in the form of a possible bearish flag.

The possible downward movement does tie in with the AdvancedGet EW count but as mentioned be sure to get the planned entry from your 'Dynamic Trader' filters.

As always please ensure to do your own analysis before taking any trades.

Charts courtesy of AdvancedGet.

Have fun.

Clayton farnworth.