USDCHF long after IV-bad Risk reward for a short

4 Ara 2016

IDEA - The move from the dashed line to 4 is about half way to IV and if you were to go short your stop would need to be at III. Bad risk/reward from here for a short. Better to wait for the end of the correction then look for a long.

1 Oca 2017

Not

It didn't retrace as deep as expected, but did go to V