USD/CHF Update

21 ביולי 2018

At this point we simply measure and count out to have a double combo pattern for a "B" wave. I said I would prefer to see Uchf retest zone. It did and I circled where the "Real" sell setup was. The thing about trading these combo "B" wave patterns is you have to understand the possibilities and time your entries properly. Can it correct and go up more for a triple combo?.... Yes... And if it did that I would then probably be looking for it to do a running flat, not breaking the low (which I think Usd/Jpy is doing). But we have a completed pattern that barely broke the high and is coming down. I would think we should be looking for sell setups (smaller corrections) for continuation down. If you got in near top, I would let it run.