AUDCHF Flat pattern. Go long
Updated
AUDCHF has finished first impulse wave which is label 1 or A. Now its going to complete the corrective wave which has flat pattern. If this theory is right, the price would bounce up from the level at which wave c equal to 1.618 wave a.
Recommend:
Go long at: 0.6811
Stop loss: 0.6748
Or go long when price break above channel, stop loss at the termination of wave c
Target: 0.6933-0.7 (=wave 1 (or A) or 0.618 wave 1 (or A).
Recommend:
Go long at: 0.6811
Stop loss: 0.6748
Or go long when price break above channel, stop loss at the termination of wave c
Target: 0.6933-0.7 (=wave 1 (or A) or 0.618 wave 1 (or A).
Trade closed: stop reached
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