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BambooGrowth
Jun 29, 2021 6:01 AM

Trade of the Week Long

U.S. Dollar/Swiss FrancFXCM

Description

This will be my trade of the week.

USDCHF, we are tracking an inpulse move up. With the strong wave as wave 3
Wave 2 was shallow and we should get the opposite in wave 4 (deeper wave 4)

Wave 4 is busy with a WXY correction and buying opportunities will be in the blue box
The blue box will be equal legs of the wx=xy
Also close to the 50% fib level of wave 3

Invalidation level comes in at the top of the wave 1

Trade with the trend here and wait for great risk reward ratio
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