EURCHF BULL'S POTENTIAL MOVE H4/DAILY
Updated
Hi All!
EURCHF has formed bullish pattern by reaching point 5 of the Wolfewave. Currently it is re-testing support in the 1.083x area and RSI is showing divergence on H4 time frame.
If it holds and new peak formation will be confirmed, it presents a good opportunity to enter longs.
Great trades!
EURCHF has formed bullish pattern by reaching point 5 of the Wolfewave. Currently it is re-testing support in the 1.083x area and RSI is showing divergence on H4 time frame.If it holds and new peak formation will be confirmed, it presents a good opportunity to enter longs.
Great trades!
Trade active
Everything is currently working as intended, just takes time.Comment
*3 long positions were opened last week after the peak formation was finalized as planned.Trade closed manually
Minor bearish yellow wave formed successfully and RSI divergence is confirming its possibility for the price to retrace from current positions after bouncing line 2-4. All positions are closed.
However, it may be possible to re-entry longs later depending on the situation - major green pattern remains valid.
Comment
The pattern reached and surpassed line 1-4 and can be considered to be over now. Excellent wave)Disclaimer
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