This will be my trade of the week.
USDCHF, we are tracking an inpulse move up. With the strong wave as wave 3
Wave 2 was shallow and we should get the opposite in wave 4 (deeper wave 4)
Wave 4 is busy with a WXY correction and buying opportunities will be in the blue box
The blue box will be equal legs of the wx=xy
Also close to the 50% fib level of wave 3
Invalidation level comes in at the top of the wave 1
Trade with the trend here and wait for great risk reward ratio
USDCHF, we are tracking an inpulse move up. With the strong wave as wave 3
Wave 2 was shallow and we should get the opposite in wave 4 (deeper wave 4)
Wave 4 is busy with a WXY correction and buying opportunities will be in the blue box
The blue box will be equal legs of the wx=xy
Also close to the 50% fib level of wave 3
Invalidation level comes in at the top of the wave 1
Trade with the trend here and wait for great risk reward ratio