USDCHF Update On Previous Post
Updated
Hello Traders,
I am expecting a continuation up towards the previous high, because price action has been consolidating for a while without failure thus far. This will bring us a 123 move which in my opinion will be a corrective one and not the impulse continuation.
Then I am expecting another down move towards 0.9916 / 0.9905 range to complete a slightly bigger corrective ABC structure which will then allow us to continue up wards to make newer highs.
Thumbs up & follow for more!
Good luck
I am expecting a continuation up towards the previous high, because price action has been consolidating for a while without failure thus far. This will bring us a 123 move which in my opinion will be a corrective one and not the impulse continuation.
Then I am expecting another down move towards 0.9916 / 0.9905 range to complete a slightly bigger corrective ABC structure which will then allow us to continue up wards to make newer highs.
Thumbs up & follow for more!
Good luck
Note
So we got the down move I was expecting. The first up move ended short, it just broke the high and fell which isn't surprising. Now I am expecting the up move to happen. I will keep you updated.Note
Watch out for this possibility. It could also just consolidate here and keep falling if this is the start of the big reversal to the down side. We have to wait and see!Note
It looks like it is just consolidating at this point for more down so watch out for it. It could be the big reversal down side. We need to wait and see at this point.Note
Moving like my last updated post. Be careful at this level, it could turn for 1 more down before going back up. If we get some consolidation at this level then you should look for buys.
Related publications
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.