Usd/Chf Pattern and Price: Minor abc Rally Probably Complete, Lower Prices to Follow

The Swissy likely completed w.c of an abc correction in the larger timeframe and W.5:5 in the smaller timeframe, signaling that the minor rally off the 13 March low is complete. A break of 1.0843 will confirm completion.

Multiple-Timeframe Momentum: Bearish

Bearish reversals on the weekly and 240-minute stochastic and the bearish daily oscillator reflect a shift in momentum from a bullish to a bearish bias, which is expected to persist for the next several days or even weeks.

Implications: Swissy is Making a Bearish Reversal

Consistently bearish pattern, price, and momentum across timeframes reflect an imminent protracted and deep bearish reversal in price action.

Written by TheLFB Trade Team, © 2007-2008 LFB Services, LLC. All rights reserved. http://www.TheLFB-Forex.com

TheLFB Risk Disclaimer can be found at http://www.thelfb-forex.com/content.aspx?id=174.

The Copying, Broadcast, Republication or Redistribution of TheLFB Content is Expressly Prohibited Without the Prior Written Consent of LFB Services, LLC.