URIFX
Long

EURCHF (updated) Long with wave 5

FX:EURCHF   Euro / Swiss Franc
84 1 2
The same idea with previous forecast. I plotted the overlap zone which reject wave 4 of a possible impulse wave. So, I determine this is a corrective wave.

The next question is DOES the wave end or not. This corrective wave reach near to 61.8% fibo level and did not overlap the 1st wave, price also bounced up .

Trading strategy: I assume that price is developing the 1st wave of wave 5 ( 5-wave             structure). So, just wait for wave 2 to buy wave 3.

The conditions to trade: Price will break the channel of wave 1 (the current wave) but not retract 100% of wave 1 (1.07151)
Perfect!
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works