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| EURCHF 4H Chart - Potential Long Opportunity |
The EURCHF chart attached shows a potential completed Elliot wave cycle: 1-2-3-4-5-A-B-C. The sudden reversal at the 0.00% BLUE retracement line and the subsequent support at the 76.8% gives strong indication that another upward impulse is in the works. I have placed a BUY order below the market, in anticipation of a slight retrace. SL is about 100 pips, with open ended targets.
PENDING ORDER:
Buy Limit: 1.2890
Stop loss: 1.2790
Trade according to your own risk.
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