USDCHF on Elliot 3-4 wave for next couple of weeks!!!
On USDCHF 1 hour chart price action is hitting major support for this pair. It appears that Elliot wave 2-3 wave will be completed very soon & 3-4 Elliot wave back up will be going on for next couple of weeks. This is of course is the 1 day long term price action view on USDCHF, if trading short term options, need to make adjustments to that particular chart.
Noted on USDCHF daily chart, RSI indicator is at a very low oversold level and will not stay that low to much longer, before bulls take over this pair. All Ema's (10,50 & 200) are above price action. *Major Support & resistance area are noted on chart. Think major trends or daily and hourly, the go down to lower time frames for trading short term options, but still ALWAYS trade with trend for safety and sound money management. Wishing you GOOD skill not luck here.
Noted on USDCHF daily chart, RSI indicator is at a very low oversold level and will not stay that low to much longer, before bulls take over this pair. All Ema's (10,50 & 200) are above price action. *Major Support & resistance area are noted on chart. Think major trends or daily and hourly, the go down to lower time frames for trading short term options, but still ALWAYS trade with trend for safety and sound money management. Wishing you GOOD skill not luck here.