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Itradeaims

USDCHF - Buy Signal at Frankfurt Open - THE FAMOUS SetupThis is a price pattern that I like to call the FAMOUS setup. It allows me to forecast the market at 10 pm UK time before going to bed. I see this pattern 10-12 hrs in advance. And so the prediction is that provided that it stays within this boxed range, as shown on the chart... It will break out into wave 5 on the M15 chart. I should go and hit Target Zone 1, i.e the Fib Expansion 62%. What will invalidate the signal? If price did not stay within sideways box region, I..e if it goes up into wave 5 without going sideways first or if it retraces more than 50%.
Long
by iTradeAIMS
2
USDCHF - THE FAMOUS Setuphis is a particular type of forecast that we do on the Hourly chart but look for entries on the M15 chart I call it the Famous Setup ... So if you wake up tomorrow and see price behave as the ghost feed suggest, i.e. it stays within the boxed sideways range IT would create an opportunity to go up into the Next WAVE 5 on the M15 chart... remember if price already moved before Frankfurt open or if it pulls down too much this setup will not be valid. But this FAMOUS setup allows you to prepare 11 hours ahead of time. Lets see what happens overnight...
Long
by iTradeAIMS
1