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Eurchfanalysis

EURCHF long for 5th wave after 4th wave corrective pullbackAnalysis: I've seen EURCHF in the process of completing its 3rd wave of wave 5 Hypothesis: I am looking for a wave 4 pullback to the purple reversal zone where I have indicated by the blue arrows. The wave 4 pullback should show itself as a corrective fall (abc pattern or abcde pattern into our buy zone) If it is too sharp of a fall, then I will not participate in the long side. A bounce at our level after a a corrective fall should produce a impulsive wave higher from our area and create its wave 5. Risk Management: Take off half at 1:1, and move stops to Break even. Let rest ride to Target.
Long
by james_007
EURCHF, D, Mutliple Rejections, Bollinger Spikes - Reversal!Hi traders, I love this chart! Bulls are losing control, multiple rejections to the top and there are so many Bollinger Band spikes which is one of my favorite criteria to enter. My first position has been added already and is at break-even now while I am looking to add a new position after the break of the support area. The support area is not the cleanest, however, I see a lot of potential downside. The uptrend was beautiful, not it is the time for a downtrend. (This is not a trade recommendation. Please trade with care!)
Short
by MyChildTradesBetterThanYou