Linton_White

LOOKING FOR THE DOWNSIDE BREAK

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
This is what I like to call a textbook setup. We can see the initial impulse on the left and then a corrective structure which has completed 4 waves and I am now waiting for confirmation of the second impulse to the downside. It is possible that there will be a 5th wave to the top of the corrective structure first but ultimately everything is pointing to the short.

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