EURCHF
Updated
I think the time has come to take a long trade.
The contracting diagonal indicates an end to the down trend.
Condition: no closing price below 0.9630
Confirmation: Surpassing the price mark @0.97913
It will take a few weeks to reach 1.01719. (possible around mid-October).
The contracting diagonal indicates an end to the down trend.
Condition: no closing price below 0.9630
Confirmation: Surpassing the price mark @0.97913
It will take a few weeks to reach 1.01719. (possible around mid-October).
Note
A beautiful butterflyNote
Apparently the full range of the contracting diagonals is being used, so wave 5 will end very soon.The last support zone is between 0.9575 and 0.9531.
The quarterly pivot is @0.9549... so this week will tell.
Note
Today - Target - blue circleNote
This week remains bullish.Next week will run above this week's high (a little higher), then see if that ends wave 1 of the upcoming bullish stretch.
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