Shorting wave 4 retracement as this pair needs one more wave to the downside to comple the cycle according to my count.
Entry:
Sell Limit @ 0.9370 (50% FiboRet, Weekly Resistance and former resistance level)
SL: 0.9405 (above 61%FiboRet level my count will be invalidated)
TP: 0.9250 min.
R/R: 4:1
Take care,
Seb
Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/usdchf-h4-update-trade-plan-idea.html
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