Swissy Entry Point

Welcome to another forex trading week dynamic traders.

I have been looking at the USDCHF for either a reversal or breakout and continuation.

Advanced Get Elliott Waves shows a good wave 5 set up with wave 4 behaving well. The MOB is shown on the chart to identify a possible target. XTL is flat at present.

Alternatively, discarding Elliott Waves, this chart shows a reversal potential based on the figure, divergence and a possssible double top pattern.

It is 2.30am Monday morning at the moment and I will await to see what happens when I wake up to decide my position on this. This is also going to be decided by the markets reaction to the 700 Billion bailout approval.

Whether we have a continuation or reversal, this pair could provide some excellent profits in the coming days.

CHFJPY is at a support level this morning. If you are still in this trade based on this forex analysis then now is another time to manage that trade.

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Swissy Daily Advanced Get Chart

Forex Analyst
Javid Shaik