Monday, June 27, 2011

Eur/Chf..Possible 4th wave bounce starting today

The Eur/Chf cross today morning hit 1.1804, co-inciding with our target on the Gbp/Chf cross of 1.3264. (posted on June 9). From here i believe both crosses should reverse to the upside in a 4th wave of no less than a 1,000 pips, before commencing in the 5th and final wave down.

Here is the Eur/Chf cross..The play is to go long with a stop under the low of 1.18 (50 pips), and hold for a swing target of at least 1.30. (1200 pips)  raising stops gradually if the play progresses as planned..


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