Ending Diagonal#USDCHF#7-12-2014#

FX:USDCHF   U.S. Dollar / Swiss Franc
Ending diagonal is forming the fifth wave on 4 hour chart. Once price shows the reversal candlesticks , one can sell. The reversal may end to the starting of the wave 5 or ending diagonal's starting point.
Hi, what is the next target in this pair accordign to you?
According to the observations, the correction after the ending diagonal completes lasts up to the beginning of the diagonal, in this case , as I have pointed out it may correct up to 0.93947.
+1 Reply
NikNik Sandeep_Gupta
thanks.. do you have any target for chf/jpy?
Sandeep_Gupta AleksandrV
Perfect, I'm with you on this one, but I originally spotted this as a bigger wolfe waves pattern in the daily.
4h ED looks solid.
Thanks Sandeep ;)
Sandeep_Gupta IvanLabrie
hi Guptaji.. what is your take on chf/jpy?
Double top is forming on 4h chart, let some reversal candlestick form then one can sell for a target of 119.413.
NikNik Sandeep_Gupta
Thanks Guptaji. Today we are seeing a sell off from the highs of 124.50.. So, we can target 119.50 now?
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