I got a long signal on the 2hr chart on the USDCHF which suggests the correction in the USDCHF is not complete. This makes sense as the correction has not made it to the prior 4th wave, and for a 2nd wave correction it would be quite shallow at the 23% Fibonacci level. So this pair should unfold in a Combination WXY correction higher toward the prior 4th wave and 50% Fibonacci level at 0.9812. Here is my trade:
Entered Long at market at 0.9690
Stop Loss at 0.9645
Profit Target at 0.9740
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