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Novi_Fibonacci
Jan 11, 2024 4:50 PM

Correction Wave - UCHF Long

U.S. Dollar/Swiss FrancFXCM

Description

Here I have USD/CHF on the 4 Hr Chart!

Price has been making quite a effort working back up since its last encounter as a Double Bottom with the Low @ .83321.

After stabilizing, I have come to believe we are looking at an Elliot Correction Wave!

My idea requires price to break Confirmation @ .85764, then Price Action will initiate my Trade Action Plan.

If Price breaks below .84549, set up INVALIDATED!!

Comment

Price has broken Confirmation of the Correction!!

Price will continue HIGHER!!

If you have not entered already!.. WAIT!!
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