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TAS_is_Goliath_Capital_Growth
Nov 13, 2016 3:52 PM

USDCHF on the move up. Long

FX:USDCHF240
U.S. Dollar/Swiss FrancFXCM

Description

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USDCHF on the move up. I'm ignoring the two candles of the elections and considering as noise. it moved up and down and continued as previous.

Comment

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Wave 3 comming to an end. Not very sure about this wave 5 so I'll probably get out at 3
Comments
marcusfx777
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You got a very nice entry there;
TAS_is_Goliath_Capital_Growth
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@Derby, Thanks man.
FX4trade
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Hello TAS,

I noticed you have wave IV within the dotted line terminating at the end of the triangle, which makes me a bit confused as to why you have also illustrated wave 3 outside of that triangle. Is there a particular reason you did that?
TAS_is_Goliath_Capital_Growth
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@FX4trade, sorry I didn't understand, you mean the green numbers? or orange 4 and green 3?
FX4trade
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@tas, Sorry, the dotted orange 4(IV) versus the green number above the trend line 3, 4 and 5.

Thanks
TAS_is_Goliath_Capital_Growth
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@FX4trade, Sometimes, depending on the size of the triangle, wave 1 will not break the triangle. Is that what you were asking?
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