Recap and the Swissy.

Good evening all,

Hope you are having a good week, and I thought I would give a quick recap first on the Euro and Aussie trades mentioned recently which are doing quite well and need management if you are in these trades whilst the Yen is still toying with the flag scenario mentioned Sunday although it is still looking for the short.

Tonights chart is of the CHF, for a possible longer term trade as the higher timeframes are showing 123 bottom characteristics, but as can be seen the daily has been trending down for a while, but has also reached a fibonacci reversal area late November,and has since been moving up.

There is convergence on the daily but price has also reacted to this and so await the DT , V.I. and figure cluster to be broke convincingly before an entry here as this could be a longer term trade should the correct entry be followed, with the due confluences.

As always please ensure to do your own analysis before trading.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.