URIFX
Long

EURCHF (updated) Long with wave 5

FX:EURCHF   Euro Fx/Swiss Franc
82 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)
URIFX
a year ago
Perfect!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out