EUR/CHF elliot wave update 25/07/2020
I truly believe the correction is over as it is also confirmed with RSI as well
I will consider a bullish scenario and entering wave 5 only if we break through 1.07300$
For Bullish scenario
1- wait for the confirmation level(1.07300$) to break
2- you might see a pull back , buy if you see a buy candle in the pullback(usually happens at 50%-61.8% fibo ratio)
3- stop loss at 1.07042$
** MAKE SURE YOU ARE NOT RISKING MORE THAN 1-3% Of YOU WHOLE TRADING ACCOUNT, THE AMOUNT OF MONEY YOU LOOSE IF WE HIT THE STOP LOSS MUST NOT BE MORE THAN 1-3% OF YOUR WHOLE CAPITAL***
I will consider a bullish scenario and entering wave 5 only if we break through 1.07300$
For Bullish scenario
1- wait for the confirmation level(1.07300$) to break
2- you might see a pull back , buy if you see a buy candle in the pullback(usually happens at 50%-61.8% fibo ratio)
3- stop loss at 1.07042$
** MAKE SURE YOU ARE NOT RISKING MORE THAN 1-3% Of YOU WHOLE TRADING ACCOUNT, THE AMOUNT OF MONEY YOU LOOSE IF WE HIT THE STOP LOSS MUST NOT BE MORE THAN 1-3% OF YOUR WHOLE CAPITAL***
Trade geschlossen: Ziel wurde erreicht
