Euro / Japanese YenShort
EURCHF Elliott Wave
Updated
hello friends
We see a triangle in the EURCHF currency pair.
Triangles are always seen in wave 4 or B of a zigzag.
But everything depends on where these triangles break.
It usually moves in the same direction after a breakout and pullback to the collapsing trend line.
My event is a wave b of a zigzag and the price is more likely to decline.
The stop loss can also be set at the end of the previous wave or the swing before it, because if the previous wave or the previous swing is broken, the analysis and the selected path are invalid and you should enter the trade in the direction of the price breaking.
To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost.
Be successful and profitable.
We see a triangle in the EURCHF currency pair.
Triangles are always seen in wave 4 or B of a zigzag.
But everything depends on where these triangles break.
It usually moves in the same direction after a breakout and pullback to the collapsing trend line.
My event is a wave b of a zigzag and the price is more likely to decline.
The stop loss can also be set at the end of the previous wave or the swing before it, because if the previous wave or the previous swing is broken, the analysis and the selected path are invalid and you should enter the trade in the direction of the price breaking.
To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost.
Be successful and profitable.
Trade closed: target reached
Be successful and profitable.
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