Here I have USD/CHF on the Daily Chart!!
Now given its remarkable rise to its current HIGH @ .92242, followed by the strong drop to the LOW @ .9005 ..
This week we've seen Price make a Fibonacci Retracement back to the Golden Zone meaning price is CORRECTING AFTER THE IMPULSE ELLIOT WAVE!!
Now with Price working past our LOW, we could see price drop as low as the ( .87447 - .86612 ) Range!!
Now given its remarkable rise to its current HIGH @ .92242, followed by the strong drop to the LOW @ .9005 ..
This week we've seen Price make a Fibonacci Retracement back to the Golden Zone meaning price is CORRECTING AFTER THE IMPULSE ELLIOT WAVE!!
Now with Price working past our LOW, we could see price drop as low as the ( .87447 - .86612 ) Range!!
Note
We have a LOW!! Based on the low created last night, price is making a move back up to the Previous Low (Point A) where our Fibonacci Retracement has price moving to the .9025 - .9040 being our Golden Entry Zone for a SELL!!
Trade active
Price stretched to the 61.8% and reacted!! SELL ENTRY @ .9027
SL @ .9057
Note
Keep in mind, Unemployment Claims comes out this morning so there may be a spike in price!Note
Unemployment, Philly Manufacturing and Building Permits came in looking negative for USD!Note
Price made a slightly new Low but found itself making an attempt to break Higher than our former B Point!So far its been unable to so this Fibonacci Retracement stands VALID!!
Will be looking for Sell Opportunities!!
Trade active
Sell Entry @ .9090SL @ .9114
Trade active
Priced pulled up to the 50% Retracement level!!Entered another Sell Position @ .9110!
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.