{lang: 'en-US'} USD/CHF H4 Update + Trade Plan Idea ~ ElliottFxTrader Blog

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Wednesday, 28 November 2012

USD/CHF H4 Update + Trade Plan Idea

Rationale:
Shorting wave 4 retracement as this pair needs one more wave to the downside to comple the cycle according to my count.

Entry:
Sell Limit @ 0.9370 (50% FiboRet, Weekly Resistance and former resistance level)
SL: 0.9405 (above 61%FiboRet level my count will be invalidated)
TP: 0.9250 min.
R/R: 4:1

Take care,
Seb


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