Long

USDCHF Elliot Wave idea D1

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Modified from previous usdchf idea. Wave 1 ends at 3.618, wave 2 either completed at 1.618 or still further correction to trendline/impulse. Further correction still highly probable - SXY (purple) may touch trendline before showing weakness. DXY also showing continuous strength.

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Also note - 3rd wave expected end lines up with 15 Dec 16 high

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SXY showing potential to rise to the trendline on lower TF. USDCHF corrective wave A completed, bounce off 1.618, wave B potentially completed and turning. Expecting further downside to 1.618 or trendline before long impulse shows. Tomorrow's data releases (01/04/2019): US high impact, CHF low-mid impact

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Looks like a retracement could be on the cards

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Bears pressuring but plan still in play

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Solid rejection of the 4.382-4.618 Fib area for a pullback, and inside bar off 50% retracement of the last wave. But was it enough of a retracement?

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