traderWgun
Short

As long as price is below .9157 there is good reward...

FX:USDCHF   U.S. Dollar / Swiss Franc
308 4 1
...if one takes the risk.

The drop from .9157 was impulsive and in 5 waves. We have now recovered in 3 waves,
so the odds is that we will see more downside.

Price needs to take out .9005 (look below to see why) to confirm that the market
have indeed completed a 3 wave sequnence to the upside.
As long a price is above .9005 there is a chace that the 5 waves decline
was a wave C in a flat (look below for the alt. count).

Good luck!
The flat idea is invailded, Looks like we are in a expanding diagonal that
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bullish above 0.87969
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The move so far hasn't been very impulsive, which makes the the alt. count more plausible.
The USD index is more clear, and it favors the flat count


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My best count is that the move to .9080 was a leding diagonal wave a or 1. That means
that USDCHF should remain bullish above .8902.

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At this current moment, only a break below .8902 would put the main count back into play.
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traderWgun traderWgun
And this is the bigger pic on EURUSD (inverted USDCHF)
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alt. count suggest the market did a flat and should see new highs above .9157.

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why the market needs to take out .9005ish.

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