A long with potential
My previous gbpchf idea tradingview.com/v/lbsLR61B/
The market is in a bullish complex correction.
EW rules states that wave XX can't be longer that wave Y
in price.
In other words, the market needs to take out 1.43680
to confirm that a top is in place.
We put in a hammer on friday and completed a bullish bat,
so at least we should see a bounce higher.
If the market takes out 1.4975 (wave X) that would confirm
that wave XX is in place and we can look higher towards
1.53 target.
Follow all my demo trades at myfxbook.com/members/tlkemmy/demo/854232
Good luck.
The market is in a bullish complex correction.
EW rules states that wave XX can't be longer that wave Y
in price.
In other words, the market needs to take out 1.43680
to confirm that a top is in place.
We put in a hammer on friday and completed a bullish bat,
so at least we should see a bounce higher.
If the market takes out 1.4975 (wave X) that would confirm
that wave XX is in place and we can look higher towards
1.53 target.
Follow all my demo trades at myfxbook.com/members/tlkemmy/demo/854232
Good luck.
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