EURCHF: Potential great long entry
I had this chart inside my EURNZD roadmap chart, but decided to publish it to keep track of the moves as they unfold.
Time at mode signals an uptrend, I decided to attempt labeling this with EW, but it was a pretty complex exercise, so I will adapt my friend's Nick Coulby's (tradingview.com/u/NickCoulby/) wave count to my time at mode chart for illustration.
There's a nice clear wave 4th completion, it'd seem, in the form of a falling wedge C wave.
A move below the wave 1 high would invalidate this uptrend, if it were to be an impulse, with waves 1 and 3 being equal, leaving the 5th wave a chance for either being an extension (and reaching the 1.618 level above) or a stubby short fifth, with extension in waves 1 and 3.
I'll take profits partially when retesting the 0 level in my fib tool to make this a risk free hold.
Time at mode signals an uptrend, I decided to attempt labeling this with EW, but it was a pretty complex exercise, so I will adapt my friend's Nick Coulby's (tradingview.com/u/NickCoulby/) wave count to my time at mode chart for illustration.
There's a nice clear wave 4th completion, it'd seem, in the form of a falling wedge C wave.
A move below the wave 1 high would invalidate this uptrend, if it were to be an impulse, with waves 1 and 3 being equal, leaving the 5th wave a chance for either being an extension (and reaching the 1.618 level above) or a stubby short fifth, with extension in waves 1 and 3.
I'll take profits partially when retesting the 0 level in my fib tool to make this a risk free hold.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.