USDCHF - At decisive zone ! Up or down ?
USDCHF - Is now at important resistance. Bearish divergence on the RSI and MACD indicates we'll see it go lower but for how much ?
If we see a 3 waves move down to around half of current rise, we will need to consider option 3.
If price goes sharply lower and doesn't seem to stop it's probably Option 2.
If price goes down in 3 waves but makes a new low, it's maybe Option 1.
Personnaly I favor shorts for now but if we break above this resistance zone, we would have more upside potential.
(beware of fakeouts!)
If we see a 3 waves move down to around half of current rise, we will need to consider option 3.
If price goes sharply lower and doesn't seem to stop it's probably Option 2.
If price goes down in 3 waves but makes a new low, it's maybe Option 1.
Personnaly I favor shorts for now but if we break above this resistance zone, we would have more upside potential.
(beware of fakeouts!)
Comment:
USDCHF - We could actually see one more push up here. Which would make this a wave A or 1 !
Comment:
USDCHF - Going for that fifth wave…
Comment:
Options 3 it seems to be then
Comment:
Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Also, Subscribe to my FREE Telegram Channel for MANY more updates
t.me/em16public
If you have ANY questions, reach out to me through
comments, chat or my Telegram t.me/ewbelgium