Sell USD-CHF <0.9450-0.9420> Target 0.9220/0.9170
In momentum - as a rule-, by labeling momentum extremes made in any motive bull / bear advance as (w/3s & w/5s). The trader can round up the internal waves in any advancing motive. The USD/CHF count shown above is validated on the same principle. By going down to smaller TFs the internal motives in a correction were also segregated to add up to the above count.
If the count shown can then be considered correct, then V-(RED), still has an internal (w3 & W5) leg to complete. If V-(RED) truncates with III-(RED), then its targets are 0.9270-0.9220. If it falls below III- (RED), the target becomes 0.9170
On the internal 15-min frame a bearish diamond formation has already been broken out of last Friday. - This is detailed on the next idea.
I will compile a short position segregated between 0.9420 --> 0.9450/60 to target 0.9220. SL @ 0.9570
Take Care & Stay Safe
If the count shown can then be considered correct, then V-(RED), still has an internal (w3 & W5) leg to complete. If V-(RED) truncates with III-(RED), then its targets are 0.9270-0.9220. If it falls below III- (RED), the target becomes 0.9170
On the internal 15-min frame a bearish diamond formation has already been broken out of last Friday. - This is detailed on the next idea.
I will compile a short position segregated between 0.9420 --> 0.9450/60 to target 0.9220. SL @ 0.9570
Take Care & Stay Safe