EURCHF is currently in wave 2, which is an ABC wave.
Waves A and B were simple enough but wave C was a different story! A really complex flat correction. We have however come to the completion zone for the correction which is the structure level at 1.0088. We're anticipating wave 3 soon, which is often the biggest wave!
Trade Idea:
- Watch for price to come down to the structure level
- Watch for a bounce before entering
- Stops below the structure level
- Targets: 1.05 (400pips), 1.07 (615pips), 1.085 (750pips)
As always, goodluck and trade safe!
Waves A and B were simple enough but wave C was a different story! A really complex flat correction. We have however come to the completion zone for the correction which is the structure level at 1.0088. We're anticipating wave 3 soon, which is often the biggest wave!
Trade Idea:
- Watch for price to come down to the structure level
- Watch for a bounce before entering
- Stops below the structure level
- Targets: 1.05 (400pips), 1.07 (615pips), 1.085 (750pips)
As always, goodluck and trade safe!
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Forex VIP: t.me/WicktatatorVIP_bot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.