As noted on the previous weekly chart the pair may be starting a possible e" wave down of a triangle.
If the count is correct a long in the .9700 area could be a nice buy with a target of 1.1500.
If the RSI breaks the trendline I will be looking for a bounce in the 40 area.
If the count is correct a long in the .9700 area could be a nice buy with a target of 1.1500.
If the RSI breaks the trendline I will be looking for a bounce in the 40 area.
注释
Pretty hard crop today so watching to see if this turns into an impulse down for the bearish wave count posted below, USDCHF headed for .9300. The alt. I have is the ABC for the E leg of the triangle. 注释
Looks like wace 1 of C may be nearing an end..looking for more logs with target of 1.1500
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