Tuesday, August 9, 2011

Excellent play on the Eur/Chf. High probability of a trend reversal here

Ive been following this cross for a while now, as i figured it holds great potential with an extremely overbought Swiss (CHF) Franc, and a Euro holding up remarkably well despite all the panic (hinting it wants to revisit the 1.50 level or higher.)  We just saw an ending diagaonal in a 5th wave, which usually happens at the end of a major move. Im fairly confident we will see a complete trend reversal from here on this cross..



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