Analysis:
I've seen EURCHF in the process of completing its 3rd wave of wave 5
Hypothesis:
I am looking for a wave 4 pullback to the purple reversal zone where I have indicated by the blue arrows.
The wave 4 pullback should show itself as a corrective fall (abc pattern or abcde pattern into our buy zone)
If it is too sharp of a fall, then I will not participate in the long side.
A bounce at our level after a a corrective fall should produce a impulsive wave higher from our area and create its wave 5.
Risk Management:
Take off half at 1:1, and move stops to Break even. Let rest ride to Target.
I've seen EURCHF in the process of completing its 3rd wave of wave 5
Hypothesis:
I am looking for a wave 4 pullback to the purple reversal zone where I have indicated by the blue arrows.
The wave 4 pullback should show itself as a corrective fall (abc pattern or abcde pattern into our buy zone)
If it is too sharp of a fall, then I will not participate in the long side.
A bounce at our level after a a corrective fall should produce a impulsive wave higher from our area and create its wave 5.
Risk Management:
Take off half at 1:1, and move stops to Break even. Let rest ride to Target.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.