Usd/chf

١٤ أبريل ٢٠١٨

X marks the spot. Just want to point out that the .618 retrace on Uchf is a very strong fib level in reference to price dating WAY back. It is very choppy moving up, at some point we will get a deeper correction. The 78% fib may be an even stronger level, especially if price hits it without a correction first. That will line up with the larger fork. I'm not saying we will get a reversal at the .618, but look for price to at least react to that level. For example, price breaks that level, I will be looking at time of day and at least a sell scalp. Possibly look for a buy setup to that level. These levels are not always about looking to go the other direction but also looking for destination. I will put out videos on my you tube channel, 1 pair at a time, identifying key levels and will better explain what I see in the wave patterns and what to look for price action wise.