Trading opportunity: USD/CHF

The corrective recovery from Monday’s .8885 peaked at .9080 yesterday and today there is risk of a sell-off

below .8885 to herald the resumption of Swissy’s larger corrective decline (extending from the October 6^th

high of .9315).

Targets are as follows:  Wave c = Wave a  @  .8650. This also constitutes the low of the previous 4^th Wave of

one lesser degree, providing good Support.

A Fibonacci 38% retracement of the prior .7085 - .9315 advance lies at .8470 & the classical Head & Shoulders

pattern target will lie around .8450.  Finally, Wave c  = 1.618  X  Wave a  @  .8385.

I will be updating this forecast in my daily email service to subscribers (also covers EUR, JPY, GBP, AUD,NZD)

If you would like a trial of the service please email Max McKegg: TRL@clear.net.nz