Canadian Dollar / Swiss Franc have just completed leg 1 to the upside (x-1 / in blue) and a possible correction have now come in to play. However, on the larger time frame price have reach a major supply zone and if the S1 curve becomes penetrated, then further gains to the downside can be expected. The plan is to trade the 3rd leg/wave down to the S1 curve which will be the (first) target.
Further Notes: The number "13" is the T.D Combo countdown, indicating that the trend is about to flip. The grey line going up from number is the expected range of which price will reverse from, which it has. A potential profit of 10p+ can be expected from this setup, giving it a minimum R:R of 1:2.
Further Notes: The number "13" is the T.D Combo countdown, indicating that the trend is about to flip. The grey line going up from number is the expected range of which price will reverse from, which it has. A potential profit of 10p+ can be expected from this setup, giving it a minimum R:R of 1:2.