Here is my possible wave count for the USDCHF. Rather this is X or 2, we have a setup for a good entry for a trade here. Stop loss would be above the Circle X. The 61.8% is a very conservative high probability target. If you can watch the count all day then maybe you can go lower, however im not planning to catch the entire move, just the probability of reaching the 61.8 level.
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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.