Elliott Wave Analysis : USDCHF In A Correction

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 2, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USDCHF is trading sharply higher, making wave III much more extended than firstly thought. But this may change now as latest leg up was wave (5) of III that is trading at some key Fibonacci extended levels that are expected to react as resistance. However, any turn down will be just another correction within ongoing uptrend, so we will remain bullish on USDCHF after three wave set-back. We expected strong USDCHF already in October as highlighted in this video - Click Here USDCHF, 4H

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