ABC for UCHF

Here I have USD/CHF on the 4 Hr Chart!

After its failed attempt to break Higher at Point B, I believe we will be looking for price to Break Confirmation of the possible Correction Wave @ .86061 to continue Lower to possibly the .84950 - .84459 area!

INVALIDATION is @ .86849

Note

Fundamentally this week will be the BIG decisive factor to this trade idea!
(ADP Non-Farm, FOMC, Funds Rate, Average Hourly Earnings, Unemployment)

USD is JAM PACKED with events this week with analysts forecasts seeming to be leaning more towards the BEARISH side.

Trade active

Price make a Break-Out attempt which turned Fake-Out!

After price came back down underneath the Falling Resistance AND the LOWER than expected data for ADP Non-Farm and Employment Index was enough to enter a Sell Entry @ .8620!

SL @ .8640

Note

If you missed the Breakout!!

Don't Worry! We will be looking for price to Retrace to give us another entry opportunity being the B/C Level!!

Stay Tuned!

Note

Price has made a substantial Pullback to the Confirmation!!

Fibonacci Levels have me looking for a Sell Entry in the Zone Range between
.86019 - .86098!!

Trade active

Beautiful rejection off the Confirmation area near .8600

Sell Entry @ .8600!

Novi_Fibonacci

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Novi_Fibonacci

For All Things Currency,
Keep It Current,
With Novi Fibonacci!

Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx