USDCHF

LOOK OUT FOR THIS PAIR FOR SHORTING OPPORTUNITY!
REJECTION BY 50% RETRACEMENT ON 04.04.2014 SUPPORTED BY BEARISH CANDLE
MACD IS ALSO TURNING DOWNWARDS
RENKO CHART SHOWS 2 DOWN BLOCKS FORMING, INDICATING RESUMPTION OF DOWNTREND

CURRENT PRICE: 0.8854
PRICE TARGET: 0.88069 (.764 RETRACEMENT AND INTERNAL FIB LINE CONFLUENCE)

UPDATE 10/04/2014
PRICE BROKE THROUGH THE INTERNAL FIB LINE AND .764 FIB RETRACEMENT
PRICE TARGET ACHIEVED

CURRENT PRICE 0.87873
TARGET PRICE 0.86993 OR LOWER MEDIAN LINE OF PITCHFORK