EURCHF is currently in wave 2, which is an ABC wave.
Waves A and B were simple enough but wave C was a different story! A really complex flat correction. We have however come to the completion zone for the correction which is the structure level at 1.0088. We're anticipating wave 3 soon, which is often the biggest wave!
Trade Idea:
- Watch for price to come down to the structure level
- Watch for a bounce before entering
- Stops below the structure level
- Targets: 1.05 (400pips), 1.07 (615pips), 1.085 (750pips)
As always, goodluck and trade safe!
Waves A and B were simple enough but wave C was a different story! A really complex flat correction. We have however come to the completion zone for the correction which is the structure level at 1.0088. We're anticipating wave 3 soon, which is often the biggest wave!
Trade Idea:
- Watch for price to come down to the structure level
- Watch for a bounce before entering
- Stops below the structure level
- Targets: 1.05 (400pips), 1.07 (615pips), 1.085 (750pips)
As always, goodluck and trade safe!
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Crypto: t.me/Crypto_Wick
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