MoneyEngineer
Panjang

USD/CHF promising buy

FOREXCOM:USDCHF   Dolar U.S./Franc Swiss
The . 618 retracement meets the long term support line, so i do not see us pushing down any furthur than that. I was able to count a 5 wave elliot structure within the push from B-C which is furthur confirmation, along side the 4 hour indicators being bottomed out.

* The safest approach is to wait for the uptrend to form a full elliot structure on the 15min chart with a proper retracement level and when it start pushing up again we take a buy.
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