The EURCHF is in a consolidation, this structure could have 3 or 5 waves in it. If it's 3 wave then I am expecting a breakout . If its a 5 wave structure then i'll be buying from the low .
I do not recommend short unless it makes an impulse and corrects! I am expecting a correction after the breakout, if I get the correction i will be looking to buy !!!
anilmangal
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That is an impulse down!
Hiisham
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hey,So when should we Open a Buy Order,I have already a buy position opened . !
Cazzie
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This pair looks ready to fall.Though I believe it to be Bullish long term.
anilmangal
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It will consolidate
msalotto
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after it breaks out we have to wait for consolidation to buy right? or we jump at the break?