Hi traders,
Last week we said USDCHF makes another correction or a slow start of wave 3. It turned out this pair made a slow start for wave 3. So after we saw an impulse leg and a correction on a lower time frame we've bought and made a nice 100 pips profit!
For this week we think it makes a correction for wave 4 of 3. So if it comes to the fib 50.0 which has confluence with a smaller demand area, we will buy and hold for at least 0.91 price area.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow us, give a like and comment.
This shared post is only our point of view on what could be the next move in this pair based on our analysis. We do not provide signals.
Don't be emotional, just trade!
Eduwave Trading
Last week we said USDCHF makes another correction or a slow start of wave 3. It turned out this pair made a slow start for wave 3. So after we saw an impulse leg and a correction on a lower time frame we've bought and made a nice 100 pips profit!
For this week we think it makes a correction for wave 4 of 3. So if it comes to the fib 50.0 which has confluence with a smaller demand area, we will buy and hold for at least 0.91 price area.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow us, give a like and comment.
This shared post is only our point of view on what could be the next move in this pair based on our analysis. We do not provide signals.
Don't be emotional, just trade!
Eduwave Trading