EUR/CHF correction not overWas expecting a flat correction and a move to the upside, but it seems like the correction is not over yet. The pattern I am seeing now, is a Double Three correction with the middle wave in the making.
Will be shorting this pair at the break of the trendline. Fib retracement levels should serve as targets.
Doublethreecorrection
EURUSD Wave Count and Something to ConsiderEURUSD is currently rallying with a second impulsive wave toward the top of the declining channel. The pair may see some resistance at these levels as wave-(c) did not surpass the start of wave-(a) and a sideways symmetrical triangle may be underway prior to the continued rally. The channel resistance may add to the bearish bias at these levels. I am still bullish on the pair, and retracement to wave-(e) may present an excellent opportunity to add to bullish positions for the continued rally through the completion of corrective wave-C.
Bullish Entry: