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USDCHF Long Setup Continuation trade: 👉🏻 An impulse is always followed by a correction. Here we have seen a falling wedge at 0.90500 area indicating a reversal to end this corrective wave. A continuation move would be anticipated.
USDCHF Short Setup Continuation trade: 👉🏻 What comes next after an impulse? A correction of course, plotting an ABC move to the previous structure low of 0.91200.
USDCHF Long Setup 👉🏻 Looking at a Elliot Wave 5th Wave here. Potential to form 5 more sub-impulsive waves to complete this structure. Potential zones to be reached has been marked accordingly.
USDCHF Long Setup Trade Idea: Continuation trade: 👉🏻 Personal target will be the zone above to complete both minor and major impulse waves. If the theory is true, we are currently forming the fifth and last wave, level of interest is at price 0.93433 with a tight SL as per Elliot Wave Theory Wave-4.
USDCHF Long Setup 📈 As analysed in , price has made its way down to the zone and now a possible of an inverted head and shoulder is in the making.
USDCHF Long Setup After analysing an extreme low of this pairing We could see a reversal pattern in the lower timeframe of H1: Ending Diagonal. A small SL could be placed as if price decides to break this low again, it could potentially sell further.
USDCHF Long Setup The recent overwhelming bearish dollar has driven pairs like EURUSD, NZDUSD, AUDUSD, USDCAD and USDCHF to no man's land. We could anticipate at least some turn around/retracement next week if these pairings want to continue its trend.