iTradeAIMS

Chance of a Wave 5 on Swissy? - Breakout Long?

Long
OANDA:USDCHF   U.S. Dollar / Swiss Franc
I have marked the chart with potential Elliott wave on the 4 hour chart.

We see a strong wave 3 up followed by what can be seen as a bullish flag on the D1 chart and some sort of a bear wedge on the 4 hour chart

From what I Call THE SETUP ONE concept it is a wave 4 within tight boxes. I see a 4 hour bullish candle. I am long above this

Long Entry: 0.9175
Stop Loss: 0.9135
Target 1: (Peak of Wave 3) @ 0.9233
Target 2 : This is the Target Zone 1 are 0.9295

Good luck!

Comments

what a fantastic long trade this was.
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Pretty good trade so far... did you take it?
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