After one more move down, we should see the pair rally up for a wave 3 of (3).
Invalidation of this count is below wave C of (2)
(See 4H chart in the comments)
Invalidation of this count is below wave C of (2)
(See 4H chart in the comments)
Note
4H chartA move above 1.00 gives more weight to bullish view.
Note
1H chart Looks like 5waves might be in for wave C.
If we see price going higher in impulsive fashion, we might have our buying opportunity.
Notice, if USD does rally aggressively this week, focus on USDCHF & AUDUSD since they have better price action.
Note
Join me on Telegramt.me/em16trading
Note
I will to post my ideas here for easier access t.me/em16public
Note
USDCHF Update - The pair is not moving much, we need a sharp move to the upside in impulsive fashion above 0.9943 to confirm a low is in place Note
USDCHF - We might have found our low at ~979, were many Fib levels converge. We will be sure of this only if price goes above 9900 in impulsive fashion.
But in any case, think about reducing your short positions now.
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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.