Upward potential? YES:
And here is why
I put a trend channel in the form of a diagonal on the chart. Within a diagonal, it is possible for wave 4 to approach regions of wave 1 without destroying the overall upward movement. In this context, wave 4 has more room to run to the 1,085 CHF region. However, the lower trend line should not be overcome in the long term...otherwise we would face further sell offs. I´m waiting to see how the EUR / CHF reacts to the stored trend line and will then start another long trade.
And here is why
I put a trend channel in the form of a diagonal on the chart. Within a diagonal, it is possible for wave 4 to approach regions of wave 1 without destroying the overall upward movement. In this context, wave 4 has more room to run to the 1,085 CHF region. However, the lower trend line should not be overcome in the long term...otherwise we would face further sell offs. I´m waiting to see how the EUR / CHF reacts to the stored trend line and will then start another long trade.
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