The Swiss Franc.

Good evening Dynamic Traders,

Once again I am having trouble uploading the image for tonight so will have to try to explain.

Firstly however I would like to give a brief note on last nights post which you can check with your own charts. This was a very good example of how using your filters can keep you out of trouble, as I was looking for a short , placed my order after using ESLT but was not triggered due to price not coming lower than my blog posting and then shooting up about 300 pips.

Tonights chart was to be on the weekly timeframe of the CHF, and is one for your watchlist so you can monitor it.

This has been in substantial downtrend since late 2000, and this should be your friend, but every trend does come to an end and this may be near for the Swissy.

I am not trying to predict but confluences are building to put the odds in my favour which where shown on the image to be uploaded. They consisted of longer and shorter term divergences ( and accross multiple t/f 's, a possible 123 DB in progress ( to be confirmed ) but fibonacci reversal areas in sight and clustering with extensions, this is also in proximity to a very good R/S level and strong figure '0000' .

Keep a eye on this using your lower t/f 's and trade in accordance with your T.P. should the triggers occur.

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

Good luck.

Clayton Farnworth.