OANDA:EURCHF   Euro / Swiss Franc
Echf came to my first take profit which is the pitchfork at 1.618 extension of wave 1. If you did sell this breakout nice. TP half and slide stop loss on rest to 50% of this wave. It can continue to just drive down, but if you see a corrective pattern like I have marked up (about) 38% of wave look to sell again to top of diagonal where I have marked. If it breaks fork and extends this wave past the fib extension it just rejected, then that should better better confirmation that we have a downtrend in place. Hopefully it corrects and gives another sell entry. It is possible it reaches top of fork one more time, but I will not buy this unless it actually confirms an uptrend... That was a LONG consolidation it broke out of. Want to learn something about corrective patterns watch my echf video. Hopefully you saw the EJ sell setup this morning and you caught chf/jpy sell. I couldn't post earlier.
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