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Has the USD/CHF seen a top?

Posted on December 16, 2008 at 2:35 in Uncategorized by Ross Yamashita

Have we seen a top on the USD/CHF?

We have shown our count of the USD/CHF and from the current movement, it seems there was a potential top on 11/21.

The pair has since broke the low of 11/25 and is continuing to head down. We will continue to monitor this and update everyone as it unfolds.

Remember that as we get closer to the end of December, you need to trade with extra caution as volume is low - which may potentially cause very erratic and unexpected movements and spikes. Monitor your trades and apply your money management and put in your stop losses.

Although we don’t like to look too far ahead, we’re very excited for the new year! If you haven’t already subscribed to ‘The Trader’s Edge’ newsletter - be sure to do so now so you’ll be notified when we update our blog.

Good luck!

Elliott Wave

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