Swissy - 2 Legged Extension?

Good evening Dynamic Traders,

The Loonie provided some nice profits on the bounce up (moved up approximately in excess of 200 pips). Starring on the blog tonight is the Swissy.

The Swissy is showing a possible 2 legged extension. Price has retraced to a Fib breather level and is now getting itself ready to face the VI which is currently acting as support. Its on the watch list for a shorting opportunity should it break through the highlighted support level.














Good Trading!
Bijal Shah