UCHF on a Correction Wave!!

Here I have USD/CHF on the Daily Chart!!

Now given its remarkable rise to its current HIGH @ .92242, followed by the strong drop to the LOW @ .9005 ..

This week we've seen Price make a Fibonacci Retracement back to the Golden Zone meaning price is CORRECTING AFTER THE IMPULSE ELLIOT WAVE!!

Now with Price working past our LOW, we could see price drop as low as the ( .87447 - .86612 ) Range!!

Yorum:

We have a LOW!!

Based on the low created last night, price is making a move back up to the Previous Low (Point A) where our Fibonacci Retracement has price moving to the .9025 - .9040 being our Golden Entry Zone for a SELL!!

İşlem aktif:

Price stretched to the 61.8% and reacted!!

SELL ENTRY @ .9027
SL @ .9057

Yorum:

Keep in mind, Unemployment Claims comes out this morning so there may be a spike in price!

Yorum:

Unemployment, Philly Manufacturing and Building Permits came in looking negative for USD!

Yorum:

Price made a slightly new Low but found itself making an attempt to break Higher than our former B Point!

So far its been unable to so this Fibonacci Retracement stands VALID!!

Will be looking for Sell Opportunities!!

İşlem aktif:

Sell Entry @ .9090
SL @ .9114

İşlem aktif:

Priced pulled up to the 50% Retracement level!!

Entered another Sell Position @ .9110!