Hi All!
EURCHF
has formed bullish pattern by reaching point 5 of the Wolfewave. Currently it is re-testing support in the 1.083x area and RSI is showing divergence on H4 time frame.
If it holds and new peak formation will be confirmed, it presents a good opportunity to enter longs.
Great trades!
EURCHF
has formed bullish pattern by reaching point 5 of the Wolfewave. Currently it is re-testing support in the 1.083x area and RSI is showing divergence on H4 time frame. If it holds and new peak formation will be confirmed, it presents a good opportunity to enter longs.
Great trades!
Trade active:
Everything is currently working as intended, just takes time.
Comment:
*3 long positions were opened last week after the peak formation was finalized as planned.
Trade closed manually:
Minor bearish yellow wave formed successfully and RSI divergence is confirming its possibility for the price to retrace from current positions after bouncing line 2-4.
All positions are closed.
However, it may be possible to re-entry longs later depending on the situation - major green pattern remains valid.
All positions are closed.
However, it may be possible to re-entry longs later depending on the situation - major green pattern remains valid.
Comment:
The pattern reached and surpassed line 1-4 and can be considered to be over now. Excellent wave)