Last trade resulted in an 81 pip loss so I look to come back with a nice trade now. The dollar is looking very oversold in the short term, and my wave count on the USDCHF has a large impulsive rally for a wave 1, and then a very deep a)) b)) c)) decline. USDCHF should rally AT A MINIMUM her to the 0.9300 area, but according to this wave count, and 2 year support holding well, getting long against 0.9190 for long term or short term setup seems like a good choice here.
PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.
