WaveAnalysis
Long

USDCHF Long Trade Setup

OANDA:USDCHF   U.S. Dollar / Swiss Franc
Hello Traders

My expectation is one more up impulse for the completion of the weekly B wave and my minimum target for this is 1.035. That's why I'm looking for long trade setups. As you can see, it broke the previous bottom (green A) by only a couple ticks and bounced back. We have a complete corrective pattern (running flat) in the daily chart and divergences at the bottom. Based on what we have so far, I can say that the last bottom was the end of the correction and it's making a reversal pattern. That's why I'm waiting for a correction and a lower degree reversal pattern to buy.

For more details and the daily updates please watch my daily analysis videos on Youtube.
Trade with care.
Bulent
in the end trading is a game of probabilities, thanks for sharing your work, take a look at my content you will find it valuable
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