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!
traderWgun
2 years ago
snapshot


alt. count suggest the market did a flat and should see new highs above .9157.

snapshot


why the market needs to take out .9005ish.

Reply
traderWgun
2 years ago
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


snapshot


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.

snapshot


At this current moment, only a break below .8902 would put the main count back into play.
Reply
traderWgun traderWgun
2 years ago
And this is the bigger pic on EURUSD (inverted USDCHF)
snapshot
Reply
traderWgun
2 years ago
The flat idea is invailded, Looks like we are in a expanding diagonal that
snapshot


bullish above 0.87969
Reply
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