OANDA:USDCHF   U.S. Dollar / Swiss Franc
At this point I have to assume that Uchf just did a W-X-Y overlapping 3 wave based on the price action. Equal length would be at exactly the .618 from high to low. It has not been going up aggressively and produced an engulfing candle off of the 27% extension right at the 38% retrace which would make sense for a wave 3 retrace. We are in a correction, and you would expect it to end in a 5 wave considering its placement as a "C" wave. Like I said, equal length meets .618, it makes sense. Too much math for me to look the other way. if you want better confirmation, wait for the trend line break and the pull back, if it does what it looks like it will, it will not do it in one candle.
Comment: I did a live and short more in depth video on uchf and EU, see link below
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out