Guerrera
Long

A great opportunity to make profit on EURCHF

FX:EURCHF   Euro / Swiss Franc
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Hello traders! Please have a look at EURCHF Elliott Wave Analysis.

To decide how to proceed on intraday trading, I usually see the bigger picture. Let's do it with me.
8hr chart demonstrates the wave structure for last three months, so we see clear uptrend. After market has formed Wave 1 and 2, I put the Base Channel on the Chart*

*Base channel.
The base channel contains the origin of wave one, the end of wave two, and the extreme of wave one.
The base channel is most important, because it defines the trend.
Please find my educational post about Base channel:


And this is just an example how I use it in my trading and forecasting


Currently we have nice bounce Wave 4 at the area of Base channel. Wave 4 looks like ABC correction.
Thanks for your attention!
Interesting, thank you for the education on elliott waves.
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@Strim, thanks for feedback!
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Guerrera evicamihaljik
@evicamihaljik, thank you!
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Hi Guerrera,

When you say "extreme of wave one", what does it means ?
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Guerrera nishu900
@nishu900, the finish (the end) of Wave 1
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nishu900 Guerrera
@Guerrera,
Thanks for your reply.
Reply
Guerrera nishu900
@nishu900, ask any questions you need to any charts if you are interested in EW
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