USDCHF Elliott Wave
Updated
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We see a triangle in the USDCHF currency pair. Triangles are always seen in wave 4 or B zigzag. But everything depends on where these triangles break. It usually moves in the same direction after the break and the Pullback goes to the lane. My theory is wave B of Zigzag and the price is more likely to go up. Stop loss can also be set at the end of the previous wave or previous swing, because if the previous wave or previous swing is broken, the analysis and the selected path are invalid and you have to enter the trade in the direction of the price break. . The probability of price increase is much higher than its increase. Therefore, we have prepared a trade for a bullish move.
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We see a triangle in the USDCHF currency pair. Triangles are always seen in wave 4 or B zigzag. But everything depends on where these triangles break. It usually moves in the same direction after the break and the Pullback goes to the lane. My theory is wave B of Zigzag and the price is more likely to go up. Stop loss can also be set at the end of the previous wave or previous swing, because if the previous wave or previous swing is broken, the analysis and the selected path are invalid and you have to enter the trade in the direction of the price break. . The probability of price increase is much higher than its increase. Therefore, we have prepared a trade for a bullish move.
To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
Trade closed: target reached
target reached
To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
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