USDCHF-EURUSD Forex Trading Analysis
EURUSD Analysis
EURUSD is repeating the same structure as the one from the bigger degree as the one we are currently at. Often times we like to mention that saves 1 and 4 are never overlapped and it’s no exception here. Wave 4 touched the 50% retracement level as from previous wave 3.
The are multiple ways to set targets for wave 5 one being the use of the Fibonacci multiple technique or wave 1 distance as they are often equal.
USDCHF Analysis
Price was pretty much in a correction phase this week which many consider being a Zig-Zag correction. Other charting practitioners call this a flag pattern. It would be wise to anticipate the price to reach the 78,6 Fibonacci level and then reverses to the upside direction.
EURUSD is repeating the same structure as the one from the bigger degree as the one we are currently at. Often times we like to mention that saves 1 and 4 are never overlapped and it’s no exception here. Wave 4 touched the 50% retracement level as from previous wave 3.
The are multiple ways to set targets for wave 5 one being the use of the Fibonacci multiple technique or wave 1 distance as they are often equal.
USDCHF Analysis
Price was pretty much in a correction phase this week which many consider being a Zig-Zag correction. Other charting practitioners call this a flag pattern. It would be wise to anticipate the price to reach the 78,6 Fibonacci level and then reverses to the upside direction.
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