LAST KICK OF A DYING HORSE... OR IS THE HORSE ALREADY DEAD?
USD/CHF along with other pairs show a possible last extension proportions in their current directions respectively. Even so,It is inconclusive of whether there'll be further continuation in the very current market direction or if the market is now embarking in a new direction(CoCH).
Should my forecast stand correct,I anticipate a last drop to the designated mark of about 0.84800(Entry) with an adequate risk of 0.84250 for SL placement(few units below previous lowest low).
My anticipated bare minimum TP1 would then be 0.86150 at 50%Fib mark.
This is a high risk trade therefore I would advice proper risk management practices and small lot sizes.
Trade with care.
Should my forecast stand correct,I anticipate a last drop to the designated mark of about 0.84800(Entry) with an adequate risk of 0.84250 for SL placement(few units below previous lowest low).
My anticipated bare minimum TP1 would then be 0.86150 at 50%Fib mark.
This is a high risk trade therefore I would advice proper risk management practices and small lot sizes.
Trade with care.
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