I wrote about EURUSD in my previous post with view that EURUSD could see 1.3050.

USDCHF is usually regarded as the sister of EURUSD, where if EURUSD is down, USDCHF could be up.

Let’s check USDCHF technical picture.

Big Picture Planning

A potential 1234 monthly in the making, price suggests WR, but F6 trigger has not happened yet

A monthly 1234 pattern in the making

Key levels and a bullish weekly candle

Key levels

1234 in H4, WRMB with the trend is an early trigger. Currently price has expanded above 3 boxes high. Another retracement in 1234 offers a reentry possibility

1234 with boxes, WRMB

Update on 27 Aug 5.00pm by Binni Ong

I wrote above on 23 Aug 2014

Another retracement in 1234 offers a reentry possibility

TX auto alert on 26 Aug

TX auto will be your retracement in 1234, which offers you the reentry possibility!

TX auto alert on USDCHF buy

Today, price reached high of 0.9184, which was the first level of resistance I pointed out (F3)

Here for the chart with resistance levels again on USDCHF 

Binni Ong