According to my analysis, USDCHF
is very close to end the correction on short term basis. Current Elliott Wave
outlook suggests that we are going to have a sharp rally happening very soon all the way up to 1.13000 price handle. Current price is good to enter but Stop-Loss point is very far at 0.95500. The R:R is still good but conservative trading is what I prefer which means we should get waves-i and ii of wave-3 in place on lower degree to get the best R:R ratio.
I will update the chart with detailed Elliott Wave
labels plus SL/TP targets as soon as the price action confirms.
Guys remember that its gonna happen only if my analysis is correct!!
I wish you all very profitable trading...