EURCHF Short Breakout Continuation
EURCHF has broken the P wave consolidation on the 16th June 2022.
IF we use the I wave base of the P Wave consolidation we can obtain
1. Price target - 98.70
2. Time Frame - 17 days ( Kihon Suchi ) suggests 4th July 2022.
As such the short
1. Entry - retracement of yesterdays bearish candle = 1.0019
2. Stop - above yesterdays candle 1.0090
3. Target - V expansion to .98700
RR = 2
IF we use the I wave base of the P Wave consolidation we can obtain
1. Price target - 98.70
2. Time Frame - 17 days ( Kihon Suchi ) suggests 4th July 2022.
As such the short
1. Entry - retracement of yesterdays bearish candle = 1.0019
2. Stop - above yesterdays candle 1.0090
3. Target - V expansion to .98700
RR = 2
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