USD/CHF H4 Update

General Overview:

There is still one more
wave to the downside missing so all the upside rallys should be
considered as corrective and the main objective now is to find the end
of wave 4 and sell it.

I have two scenarios here:
SCENARIO 1: wave 4 will end on previous wave four area of a higher degree ( (iv) ) somewhere in the area of 0.9400 – 0.9417
SCENARIO 2: wave 4 will end  higher into 50% Fibo somewhere in the area of 0.9483 – 0.9515.

Please notice that there is a possibility, that this wave 4 might  be in shape of a TRIANGLE as well!


Support/Resistance:

0.9834 – Swing High
0.9590 – blue impulsive count invalidation line
0.9567 – 61%Fibo
0.9517 – 0.9483 SUPPLY ZONE OF WAVE 4
0.9400 – 0.9417 – SUPPLY ZONE OF WAVE 4
0.9132 – Swing Low

Trading Recommendation:
Sell the wave rallys inot the SUPPLY AREAS of 0.9400 – 0.9417 OR 0.9517 – 0.9483
SIGNALS:

Forex Signal No.336a|Sell USD/CHF@0.9417|SL:0.9437|TP1:0.9250|TP2:0.9137|2013.06.22 11:30 CET|SwingSell|
Forex Signal No.336b|Sell USD/CHF@0.9515|SL:0.9537|TP1:0.9250|TP2:0.9137|2013.06.22 11:30 CET|SwingSell|

Seb

JOIN NOW!!!