dojitrader
Long

2 Ewave Counts Suggest Where A Bounce May Trigger ???

FX:USDCHF   U.S. Dollar/Swiss Franc
88 1 1
The preferred count is actually the alternate - blue - labeling.
But, I'm too lazy to redo everything and both counts point to a
potential long entry in the .9500 area.
I started out with the 4hr chart and a 1-2, 1-2 as shown in black.
However, when I tried to sync it with the Daily chart *below* the 3rd wave
looked complete. Thus the alternate count - now primary was born.
B waves are not easy or particularly profitable to trade, but, Ending
Diagonals are my favorite pattern and have a high percentage of
reliability.
No limit order since you never know just how much of a throw over
and I like low risk stops, SO, hopefully the candlesticks will light
the way to a clear entry trigger and stop placement to start next
week off with with pips to pocket.
dojitrader
2 years ago
Daily Count
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