On H1 time-frame you may easily find a nice place with a reasonable risk to try to enter a next bull run. Daily chart assumes a large WXYXZ, within the last wave Z we've got waves A and B (consists of wxy so far). A bit difficult to grasp for those unfamiliar with Elliott waves principles. TP1 is around 700 pips upside, more upside if wave C will equal wave A (in...
Working assumption, given the DXY pattern, is that USDCHF is going to start an impulsive way down to complete the wave C of an assumed flat. Minor t/f - trendline is likely to be broken today, after a reasonable pullback will short.
After a proper pullback, I will seek for long entries
Sold as shown on the screen Stop loss above the high
Perfect pattern, basic target is the EPA Line
Looks like waves A & B in a potential flat are done. I am trading wave C, R/R 7+ Will reverse as shown on the chart. Will try to update as the structure develops. So far looks rather primitive, but let's wait Have a nice weekend!
this cross is in a correction to the impulsive wave as shown on a chart, I assume price to go lower to complete the leg (y) in a wxy correction.
Hi, traders. My assumption is for the wxy. Short for the next leg of the double zigzag.