USD CHF trades.. The result.

Well, you can see that my reasoning or moreover Andrews rule re price failure/trigger lines was absolutely spot-on. However i only traded the opening of the Sunday night Asian session and that was a long position filling the opening gap buying at 1.10 and selling at 1.1040. The problem was the expected fall came in the mid Asian session and i had to go to bed by 1am to get up at 6am to get my daughter to school, by the time i woke up at 6am it was all over and there was "another game in town". As i said in the weekend posts you could very easily search all major currency pairs/time frames for just these price failures and trade them as a high probability approach. The result is reliable. I am flat on $CHF but think yesterdays rally maybe becoming tired as we have had no decent RT. A simple Fib RT from points 1,2 & 3 (above) gives us a 0.382 RT to the red UMLP but it looks to me as though we will form another wave ( we also have a lower high -so far) so maybe price is at the top now plus both stochs and MACD show regular divergence as price made the recent high..but it is too soon to tell.