EverythingForex
Long

TRADE: USDCHF BUY@0.99320

FX:USDCHF   U.S. Dollar/Swiss Franc
a year ago
I issued this trade call to my members earlier today. I am in on this trade already.

The last time I posted on this pair, it was to sum up this trade that I posted on 12/1. Eight days ago.
TRADE: USDCHF <span data-href="idea-custom-link" data-href-idea-custom-link="mailto:SELL@1.02964" rel="nofollow noopener noreferrer" target="_blank">SELL@1.02964</span> Wave (3) Done. Falling in Wave (4)

Two days later, this trade generated +321 pips on a mighty drop.
CLOSED TRADE: USDCHF <span data-href="idea-custom-link" data-href-idea-custom-link="mailto:SELL@1.02964" rel="nofollow noopener noreferrer" target="_blank">SELL@1.02964</span> CLOSED@.99750 +321 pips

In those charts, I had also laid out the possible direction of this pair after it would reach my TP. Right now, it is playing out the direction I had predicted. Let's see if it will follow my analysis. What you are seeing here in the above 1HR chart is a classical bullish PA setup. Prices have hit a low right in a MAJOR SR Structure zone and is bouncing from there. After a small retreat off that SR zone, prices are retesting it again. Should it get rejected again, then can expect prices to rise from there. This is classical bullish PA.

4HR Chart
snapshot

WAVE COUNT
On the larger time scale (see the 4HR Chart below), the wave (4) could be complete now at this MAJOR SR Structure level. And the wave (5) could be just beginning.

PATTERNS
The Shark pattern has been filled and now looking for the 5-0 pattern fill. Here on the 1HR chart above, within the Bullish PA action, there is a COMPLETED Bat but there is also a POTENTIAL Bat that completes lower at the .886 level of the G-Zone. This could mean that prices CAN drop more but should stay inside our stop loss area.

MY TRADE PLAN
This is a relatively very low risk trade in that my stops go below the wave (4) lows because if prices get below there, then my wave count is wrong and I need to re-analyze this pair. I am projecting that prices should get at least up to fill the 5-0 pattern. So that fulfillment is my TP1.

Want more great analysis and pro trading tips like this? Join my faceboook group at www.facebookdotcom/efxselect today (replace the "dot" with a ".")!

Want to know how I plan on trading this pair going forward? Want the same BUY/SELL signals my members get? My members get complete REAL-TIME in-depth analysis, trades, alerts and signals on all pairs I cover as well as expert trading advice and tips. They received my TRADE ALERTS as the trade was happening and got the best entry price! Would that help you? Go here now to signup or to get more info: www.efxselect.com

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
a year ago
Comment: This trade was stopped out for a loss.
a year ago
Comment: -62 pips
BIG NEWS! Want a FULL WEEK of FREE ACCESS to my member's charts & analysis? If you want it, PM me! Also, for all who PM me, you will be entered to win a FREE MONTH'S Subscription! PM me for details!
Law.ahead
a year ago
As a leaner, it dose not invalidate the rules when the wave (iv) slope down into the wave i or it can even go deep?

thankx. best luck.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out