USDCHF LONG trade Idea
Updated
The past two weeks have provided a lovely ABC correction pattern for UCHF. I had been monitoring it all the way through.
Post correction, it is very likely to expect an impulse structure. We may find ourselves in the beginning stages of a powerful
impulse wave. Now, because we are still in the first two waves of this structure, the possibility of the entire sequence being
a complex correction on a higher timeframe is there. Therefore, in order to cater for both a motive wave structure and a
possible corrective wave structure, Both criterion for a wave 3 and wave C are projected. Let us see how it performs in the
upcoming weeks.
If you have an outlook on UCHF that you would like to share and discuss in the comments below, please don't hesitate. Drop it
and let's all learn from each other. Thank you
Targets:
-0.93890
-0.96000
Post correction, it is very likely to expect an impulse structure. We may find ourselves in the beginning stages of a powerful
impulse wave. Now, because we are still in the first two waves of this structure, the possibility of the entire sequence being
a complex correction on a higher timeframe is there. Therefore, in order to cater for both a motive wave structure and a
possible corrective wave structure, Both criterion for a wave 3 and wave C are projected. Let us see how it performs in the
upcoming weeks.
If you have an outlook on UCHF that you would like to share and discuss in the comments below, please don't hesitate. Drop it
and let's all learn from each other. Thank you
Targets:
-0.93890
-0.96000
Trade active
Stop losses moved to break even
Note
Pullback and re-entry opportunities for UCHF long
Note
More entries added
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