Dólar Americano/Franco SuíçoViés de baixa
Elliot Wave Correction Bearish Reversal
Price lost bullish momentum around 1.0, tried to come back but failed and is now in the formation of the right shoulder of the corrective A wave.... I used the Elliot wave pattern to better understand what price is doing here and to express my belief perspective of weakening in price.
Not only did price face rejection near a key psych level of 1.0, but it is also in confluence with a macro 61.8 retracement and then a micro 61.8 as the corrective wave begins to paint. TP is based off fib extension levels and key market structure.
Not only did price face rejection near a key psych level of 1.0, but it is also in confluence with a macro 61.8 retracement and then a micro 61.8 as the corrective wave begins to paint. TP is based off fib extension levels and key market structure.
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