Wednesday, June 09, 2010

USD/CHF Short Signal

I have been watching this pair for several days now waiting for this moment. The pair has move back inside the trendlines and I have entered short position at 1.1532. If 1.1728 is the top of the fifth wave, then we should see A-B-C corrective waves. I calculate minimum and maximum movement for this and got 2 lines there (see pic). Between those lines is our target area. That is all guys. Happy pippin!