H4 I'm looking at the possibility of a running or expanding flat before we get more upside, If i'm wrong about that all good, I'm on the short!
Wave C down should be impulsive so we can trade it on the lower TF's
1) Theres no confirmation the internal B wave up is over, Wait for confirmation.
2) Yellow line up the top is the invalidation point for this setup.
3) I'm looking for Tl break and bear flag on lower TF to confirm more downside to come.
4) I'm targeting the 50fib but know one knows where C will end, It could turn out to be a running flat so only experienced traders or lower leverage need apply.
If you would like to see more trade setups like this, hit the follow button. If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get updates on the trade!
Thank's to all the traders in advance that hit the thumbs for your support!
My D1 USDCHF analysis from the start of the year supporting my view this is only a correction before more upside, Check the idea details for the full run down
Wave C down should be impulsive so we can trade it on the lower TF's
1) Theres no confirmation the internal B wave up is over, Wait for confirmation.
2) Yellow line up the top is the invalidation point for this setup.
3) I'm looking for Tl break and bear flag on lower TF to confirm more downside to come.
4) I'm targeting the 50fib but know one knows where C will end, It could turn out to be a running flat so only experienced traders or lower leverage need apply.
If you would like to see more trade setups like this, hit the follow button. If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get updates on the trade!
Thank's to all the traders in advance that hit the thumbs for your support!
My D1 USDCHF analysis from the start of the year supporting my view this is only a correction before more upside, Check the idea details for the full run down
Comment:
Invalidation point hit without giving bear flag
