Wednesday, April 19, 2017

#USDCHF 4 HR Elliott Wave Update

#USDCHF 4 HR Elliott Wave Update

Updated 04/20/17 4:16 pm CST

We got the new low for wave 5 as expected but didn't quite reach the 61.8 at .9925.  Long at 99716.

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Trade Thoughts - Long Against .9812

Targets - Long term 1.1300

The USDCHF looks like there could be another low for a 5th wave of circle C of ii.  The RSI has moved out of the oversold area so a new low could cause divergence.  

I am currently long on Zulu Trade from .99716 with a stop at .9812.  I hope to add more at .9925.  



USDCHF 4 HR Elliott Wave Chart

USDCHF 4 HR Elliott Wave Chart
USDCHF 4 HR Elliott Wave Chart