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aibek
Aug 19, 2017 5:45 AM

USDCHF. Buy on dips. Risk/Reward > 4 Long

FX:USDCHF240
U.S. Dollar/Swiss FrancFXCM

Description

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Hello, it looks like we have finished the abc correction after a stong impulse upside in wave A.
The wave c in abc correction was 5 wave impulse with an ending diagonal in wave 5 of 5 of 5.
We already have a strong upmove in place. Buy on dips seems to be a good trade as Risk/Reward > 4.
Target 0.9920 (C=A).
Stop 0.9583 (below current impulse)

Trade closed: stop reached

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Updated model below. C=A in corrective move = 0.786 of wave A in B (yellow)

Comment

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Update. Approaching 78.6 Fib.
Wave AnalysischfUSDCHFswissySFRfrancABC
Comments
SetagayaGirl
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Jet black backgrounds are as annoying as white backgrounds. :)
Cheers.
aibek
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@SetagayaGirl, Hi, it saves my eyes as many hours in front of the screen. All light colors are bad for eyesight.
SetagayaGirl
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@aibek, I guess everyone is different. I don't like bright white, either. I like grayish or yellowish BGs.
aibek
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@SetagayaGirl, agree.
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