WaveAnalysis
Long

EURCHF Long Trade Setup

OANDA:EURCHF   Euro / Swiss Franc
Hello Traders

I had recorded today's video before it broke the last bottom and because of the new low, my main forecast has changed. As you can see, my expectation is one more up impulse as C wave for the completion of the higher degree correction. But first, it will make a running flat and one more small drop to finish the B wave. After that, I'll wait for a reversal pattern to place a pending order. My target is 1.13000 which is 0.500 retracement of the down impulse and 0.272 extensions of blue A.

For more details and the daily updates please watch my daily analysis videos on Youtube.
Trade with care.
Bulent
Its gone very deep.
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WaveAnalysis fazalnadeem
@fazalnadeem, As I explained in yesterday's video the blue A wave could be the 4th wave and turned out it was the case. It made the 5th wave and now I'm waiting for a reversal pattern to buy.
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