Alikze → USDCHF | Failure of the trigger line

In time D1, it is moving in a descending channel. According to the type of structure and behavior after the break of 1.618 fibo, the previous wave is currently continuing its upward path after the pullback. The type of corrective structure is not observed in that micro wave and it has good momentum (according to the behavior of the dollar index #DXY , this bullish return wave will have the ability to grow to at least 100% of the previous wave, which should be considered as the neck line in the previous post as the invalidity of the analysis It should be mentioned that the bullish scenario will be strengthened) so it will have the ability to grow up to the specified limits and then the previous supply area.
0.89507-0.90611
🟩Sup: 0.88333-0.87890
⛳️Tp1: 0.89507
⛳️ Tp2 :0.90611-0.92012
⛳️ Tp3: Supply range (0.94-0.95220)
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Bình luận:

According to the momentum, it is placed at the ceiling of the channel, which has reacted twice so far, in the support zone and according to the motivational wave, it should break this channel for the specified goals.

Bình luận:

In time 4h, after the negative reaction to the ceiling of the channel and the support in the range of the green box, it faced demand again, and now it has broken the downward trigger and is moving towards the first target.

Bình luận:

The first target was touched.

Bình luận:

The second target was touched.

Bình luận:

According to the bullish scenario of the dollar index, the currency pair has broken the 1.272 fibo for the target of 1.618 after breaking the medium-term downward channel.

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FULL TP...

Bình luận:

The second target was touched.

Bình luận:

In 1h time, after leaving the rising channel, there is a correction wave. In case of a short correction and failure of the resistance zone, it can move to the golden zone.