USDCHF - Ending diagonal, reversal following ?
Our first attempt to short this one was a Failure as we were only in wave 4.
Now we are at a important resistance zone and could see a reversal in the coming hours.
A move below 9898 would increase the odds of a continued bearish move.
The beginning of this diagonal is a good first target zone.
Now we are at a important resistance zone and could see a reversal in the coming hours.
A move below 9898 would increase the odds of a continued bearish move.
The beginning of this diagonal is a good first target zone.
Kommentar:
Well this just happend
Kommentar:
Clear stop hunt here !
Kommentar:
We got a a leading diagonal down from the expected top and are currently in wave 2 retracement.
Resistance levels are 9960 and Fib retracement levels.
A break outside the corrective channel and below 9905 would be a good indication that the correction is over but beware as it could just be a Flat pattern playing out which would retrace back up once more after taking in and out sellers who have their position at the low !
Resistance levels are 9960 and Fib retracement levels.
A break outside the corrective channel and below 9905 would be a good indication that the correction is over but beware as it could just be a Flat pattern playing out which would retrace back up once more after taking in and out sellers who have their position at the low !
Kommentar:
USDCHF - Might finally have started it's reversal. A move above the 78.6% retracement level would increase the odds for a continuation higher.
Kommentar:
Updates continue here
Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Also, Subscribe to my FREE Telegram Channel for MANY more updates
t.me/em16public
If you have ANY questions, reach out to me through
comments, chat or my Telegram t.me/ewbelgium