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URIFX

USDCHF: Nice setup for a short opportunity

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
URIFX  
FX:USDCHF   U.S. Dollar / Swiss Franc
overlapzone safezone
2
1
overlapzone safezone
Current wave may be wave C with 5 wave structure. Why?
  • Previous wave is a 3 waves structure. So, it should be wave B.
  • Price dropped down impulsive and fast. This wave could be wave 3 of wave C.

Trade setup:
  • Sell @ the break out or
  • Sell @ 61.8% fibo level

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