EURCHF Elliott Wave
hello friends
In the EURCHF currency pair, we see the formation of 3 Elliott patterns.
The first pattern consists of a 5-wave impulse wave, which we can call wave 1 or A. The second wave is a zigzag and the third wave is a collapsing triangle.
Considering that there have been two correction waves, the possibility of changing the trend is very high. My guess is the start of an impulse wave at the dominant wave 3 or C.
In triangles, if the price breaks on either side, the price will continue in the same direction.
A buy trade can be prepared with a stop loss below wave 1 or B, which is the 0.92515 range. If the price breaks the bottom of the triangle and the price closes in it, our theory is invalid and you can enter the sell trade.
To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
In the EURCHF currency pair, we see the formation of 3 Elliott patterns.
The first pattern consists of a 5-wave impulse wave, which we can call wave 1 or A. The second wave is a zigzag and the third wave is a collapsing triangle.
Considering that there have been two correction waves, the possibility of changing the trend is very high. My guess is the start of an impulse wave at the dominant wave 3 or C.
In triangles, if the price breaks on either side, the price will continue in the same direction.
A buy trade can be prepared with a stop loss below wave 1 or B, which is the 0.92515 range. If the price breaks the bottom of the triangle and the price closes in it, our theory is invalid and you can enter the sell trade.
To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
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