UCHF on a Correction Wave!!

2024년 5월 16일

Here I have USD/CHF on the Daily Chart!!

Now given its remarkable rise to its current HIGH @ .92242, followed by the strong drop to the LOW @ .9005 ..

This week we've seen Price make a Fibonacci Retracement back to the Golden Zone meaning price is CORRECTING AFTER THE IMPULSE ELLIOT WAVE!!

Now with Price working past our LOW, we could see price drop as low as the ( .87447 - .86612 ) Range!!

2024년 5월 16일

노트

We have a LOW!!

Based on the low created last night, price is making a move back up to the Previous Low (Point A) where our Fibonacci Retracement has price moving to the .9025 - .9040 being our Golden Entry Zone for a SELL!!

2024년 5월 16일

액티브 트레이드

Price stretched to the 61.8% and reacted!!

SELL ENTRY @ .9027
SL @ .9057

2024년 5월 16일

노트

Keep in mind, Unemployment Claims comes out this morning so there may be a spike in price!

2024년 5월 16일

노트

Unemployment, Philly Manufacturing and Building Permits came in looking negative for USD!

2024년 5월 19일

노트

Price made a slightly new Low but found itself making an attempt to break Higher than our former B Point!

So far its been unable to so this Fibonacci Retracement stands VALID!!

Will be looking for Sell Opportunities!!

2024년 5월 19일

액티브 트레이드

Sell Entry @ .9090
SL @ .9114

2024년 5월 20일

액티브 트레이드

Priced pulled up to the 50% Retracement level!!

Entered another Sell Position @ .9110!