Traders,
EURCHF is close to complete the 5-wave sequence.
Wave 4 (cirlce) corrective wave is probably forming an Expanding Flat Pattern.
1 - Wave-(a) has developed into a ZigZag with internal 5-3-5 structure, ending at 1.12589
2 - Wave-(b) has developed into a Zig-Zag with internal structure 5-3-5, ending at 1.16233.
3 - Wave-(c) should develop a 5-wave sequence, targeting at 1.1170(+/-) / Short term sell opportunities.
After expanding flat completion will look for long opportunities targeting 1.1730 for the last 5th wave.
Trade with discipline
Best
EURCHF is close to complete the 5-wave sequence.
Wave 4 (cirlce) corrective wave is probably forming an Expanding Flat Pattern.
1 - Wave-(a) has developed into a ZigZag with internal 5-3-5 structure, ending at 1.12589
2 - Wave-(b) has developed into a Zig-Zag with internal structure 5-3-5, ending at 1.16233.
3 - Wave-(c) should develop a 5-wave sequence, targeting at 1.1170(+/-) / Short term sell opportunities.
After expanding flat completion will look for long opportunities targeting 1.1730 for the last 5th wave.
Trade with discipline
Best
