FX:USDCHF   U.S. Dollar / Swiss Franc
I have seen a beginning diagonal on USDCHF where all 5 waves were counted. The previous ending diagonal has ended and I am looking for a long position between the 50% and 61.8% retracement of the previous upwards move. The profit target is the 1.618 extension of the move upwards down to the 61.8% level for a take profit of 0.921, which occurs at the September monthly high. The stop loss is below the bottom, which has sustains many retests

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.