IvanLabrie

USDCHF: Potential nested impulse - Update

Largo
IvanLabrie Actualizado   
FX:USDCHF   Dólar estadounidense/Franco suizo
There's an active daily time at mode uptred at play here, and the price seems to be forming a pair of nested impulses in EW terminology. This is secondary in my analysis but I suspect that we will see a correction take place, allowing us to enter a long position with excellent risk/reward tomorrow.
The fibonacci retracement levels or the low volume support area below might stop the decline.
I'll update with the setup, London might give more clues, hopefully not triggering a setup before I wake up.
Good luck,
Ivan.

UPDATE:

Correction almost complete!
It looks like we might have an excellent buy opportunity soon.


UPDATE 2:

Entered and already closed 75% of the position.
Looking to scale in on a retracement.
Potential daily target:

Operación cerrada: objetivo alcanzado

🔒Want to dive deeper? Check out my paid services below🔒

ivanlabrie.substack.com/
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.