I expect USDCHF to close the Weekend Gap Soon. I also plan to hold that trade for a longer period of time. On the Daily, this setup will try to catch the fifth impulse wave. Wave 1 to 4 already completed in my opinion. Also, the price made a complete 3 waves corrective cycle = Retracement Completed.
Two probable scenarios:
1. The price retraces to the origin of the impulsive wave (Demand Zone) and continues it's way up. (Be aware of the weekend gap (Trouble area)
2. The price goes as far as the weekend gap before retracing to the origin of that impulsive wave.
Two probable scenarios:
1. The price retraces to the origin of the impulsive wave (Demand Zone) and continues it's way up. (Be aware of the weekend gap (Trouble area)
2. The price goes as far as the weekend gap before retracing to the origin of that impulsive wave.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.