Looking to sell this pair this week. Expecting price to creep up more towards the pull back area before the sell. Watch PA In the mean time in case it starts to break out sooner than later so set price alerts around: .76900- .77400 range. We’re expecting at least 100 pips on this move this week! FXT:)
Elliott Wave Theory is based on the concept, that a main trend consists of 5 waves, which is followed by a 3-wave correction structure. The basics are derived from the psychological behaviour of the traders. If interested, please do the research for more details. The exact levels and target prices are usually defined by Fibonacci levels and technical channels, but ...
Hello traders! We have a strong wick at this level, which may be the end of the correction. We are expecting a strong move UP. Watch the price action in lower time frames for buy setups. We are not interested to sell this pair. We are looking only for buy opportunities. Follow us for future updates. TRADE WITH NO EMOTIONS!
PA is creating a nice flat pattern for another sell towards the downside. USD/CHF formed a nice pin bar close this past Friday after the NFP results. so all chf pairs are looking to gain strength. Will watch this pair this week to see what Price Action (PA) gives us. Potential 300+PIP move right here so be on the look out!! FXT :)