USDCHFFX:USDCHF
As you can see that usdchf has created a double top in 15 min timeframe if it breaks drawn neckline and takes retest the level then we can plan for sell side. plan your trade accordingly...
Usdchfsell
USDCHF ShortUSDCHF Short
Risk/Reward: 1:5
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USDCHF shortingThe downtrend in the daily timeframe. So gone for sell after the retracement in lower timeframe.
Learn To Trade the Triangle Exceptinal Risk:Reward Trade USDCHF
We have a 5 Wave upward Impulse complete; then we have the 3 Wave Correction forming where Wave A is a Flat structure complete and verified; Wave B is a Contracting Triangle complete and verified; after completion of the Triangle there is a massive move in the direction opposite to the Wave E also Wave C is in the direction of Wave A hence Wave C is expected to be a downward Zigzag hence two impulses; therefore justifies the Risk:Reward of 1:19 Enjoy the Trade;
USDCHF COMPLETE ANALYSIS AS PER THE WAVE THEORY
We have a downward 5 Wave Impulse complete; this is a WAVE 1 and now there is a Correction forming;
This Correction has Wave A comeplete and Wave B is forming; we need to verify the Wave A and B in the Lower Degree;
So here We have explained Wave As subdividions Wave A is a 5 Wave upward Impulse Wave B is a Triangle and Wave C is a Ending Diagonal;
Here we have Wave B forming now in the downward direction; Wave A is a Leading diagonal Wave B is a Zigzag and now Wave C is forming
So here the WAVE B ends and now we wil encash the WAVE C which will be an Upward Wave;
Here Wave 3 is a Zigzag (Zigzag is also an Impulse) hence
In Wave B we have a Wave A which is a downward Leading Diagonal; Wave B is a upward Zigzag; We see Wave B has retraced Wave A by 93.93%, hence as per the rule of Flat Wave C has to be a downward Impulse;
So then Wave B retraces Wave A 38.2% hence from here starts the WAVE C which will be an Upward Impulse
We have 2 Trades here One is a SHort Trade and then where we have the Target of the SHort trade we have a Buy Trade from there;
Long Trade
