SWISS FRANC

Today's MARKET STATE SWISS FRANC **BULL TREND ACCELERATION**

- Technically the MKT is in play after producing a big positive signal. On the SELL side REVERSAL strategies can be executed off the UP and +c. Expectations should be for an immediate exhaustive turn with the MKT quickly moving away from the area.  Avoid SELL UP FADE strategies even with confirmation. SELL DP BREAKOUT strategies are not recommended but can be used as a signal for a FADE against the DIR.
- On the BUY side accept FADE, REVERSAL and BREAKOUT strategies above the previous session's low point. UP BREAKOUT strategies should just "go", so do not risk much. Be wary of these strategies early in the session and look to exit on the 1st break in structure.  BUY DP FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold higher structure and any failure should be considered a potential negative corrective shift high.

Today's PRICE MAP Performance for SF

Wrap Up

Today was another great example of the importance of identifying Market STATE and using Market TACTICS to confirm STRATEGIES.  JS Services defined the technical market state as  BULL TREND ACCELERATION today in the SWISS FRANC futures market.  The expectation for this market state is for the market to produce a directional trend move to the upside, with a BREAKOUT from the UP targeting the UT2.  In a TREND STATE, traders should look to use the Moving Average crossover system to confirm the BUY signal.  Another good indication of the markets ability to trend can be seen in the ADX indicator.  As highlighted in the chart, the ADX broke above the 25 reading, signaling a "trending" market.  This signal occurred around the same time the MA crossover signal took place, adding confidence to the BUY UP BREAKOUT strategy.  When the market produced this signal, it occurred on a STRONG BAR, which was another confirmation of the long position.  The market broke out of the Critical Range with a decisive STRONG BAR, allowing traders to accept the signal and ride the rally all the way up to our profit objective at the UT2.