FullTimeTrader
Long

USDCHF-long term view according to EW

FX:USDCHF   U.S. Dollar/Swiss Franc
514 18 11
Although im not strictly an elliotician i sometimes look at my counts to understand the general market structures and possible directions of the price.
I will publish my long term counts this days.
Feel free to agree or disagree, it would be better if you send a chart of other alternatives.
Best regards
Agreed!
Sadly I got stopped today, was too busy to monitor my trades.
Hopefully I get a retracement entry opportunity soon.
Great charts mate, the audusd one looks perfect, and so does this one in my opinion.
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FullTimeTrader IvanLabrie
may be your SL was too tight, sure we will have some retracements and you can re-enter there, i will try to add more positions if this setup works
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IvanLabrie PRO FullTimeTrader
Just a bad idea, leaving an SL on before NFP, on a such a good entry.
It was clearly a stop run, and I wasn't watching the screen at the time.
We'll surely get on board, and be able to scale in if this works.
Have a great weekend!
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I would put B on 2015-4-23 to get the feeling of a zigzag. This also complies with the monthly count, in which we are in the C wave. After some confirmations the Dollar-Swissy seems to be a good long-term investment for the big players.
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FullTimeTrader YuzukiChan
hello, thanks four your comments
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I see another drop of 300 pips or so before blast-off as the most probable route.
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FullTimeTrader NickCoulby
please could you send a chart?
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IvanLabrie PRO FullTimeTrader
Here's Nick's chart:
USDCHF could be a great daily buy soon
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mkdeep04 IvanLabrie
sub 0.9 area to long
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Based on?
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FullTimeTrader IvanLabrie
Its valid also, thanks, lets wait for the price to move. Based on your chart if the wave 4 touches wave 1 this count will be invalidated. For me its highly probable based on fundamentals news: the SNB has declared the CHF is overvalued, so i think the bullish rally already started...
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IvanLabrie PRO FullTimeTrader
Look closely at that leg up. It's not an impulse, that can't be wave 1 yet.
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IvanLabrie PRO IvanLabrie
snapshot
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IvanLabrie PRO IvanLabrie
Clearly a 3 part move don't you think?
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FullTimeTrader IvanLabrie
This is my count on H1 chart, i prefer no to switch to very lower TF
snapshot
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IvanLabrie PRO FullTimeTrader
Wave 2 being a triangle would be a very rare ocurrence...that's why I I think it's a C. That and the momentum signature in macd. We'll see, if it heads down in an impulsive fashion, we'll know me and Nick were right.
If not, we can long a 3rd.
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FullTimeTrader IvanLabrie
We need more information for now, that is not a final count. When something is not clear the best decision is wait..i want to see if i can add more positions and scale. It worked perfect with the GBPNZD
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IvanLabrie PRO FullTimeTrader
It's pretty clear to me with the triangle.
Also don't ignore the eurusd correlation.
Look at the decline in eurusd, it's all corrective and we didn't get a violent thrust down in what should have been wave 3.

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