Modified from previous usdchf idea. Wave 1 ends at 3.618, wave 2 either completed at 1.618 or still further correction to trendline/impulse. Further correction still highly probable - SXY (purple) may touch trendline before showing weakness. DXY also showing continuous strength.
Note
Also note - 3rd wave expected end lines up with 15 Dec 16 highNote
SXY showing potential to rise to the trendline on lower TF. USDCHF corrective wave A completed, bounce off 1.618, wave B potentially completed and turning. Expecting further downside to 1.618 or trendline before long impulse shows. Tomorrow's data releases (01/04/2019): US high impact, CHF low-mid impactNote
Looks like a retracement could be on the cardsNote
Bears pressuring but plan still in playNote
Solid rejection of the 4.382-4.618 Fib area for a pullback, and inside bar off 50% retracement of the last wave. But was it enough of a retracement?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.