Price working its way back up through the treacle. Above DP and a number of higher lows to get in with small risk, albeit bouncy until that green regression channel is broken (if it is broken).
So why bother with this then today? You may ask, but I was intrigued by the D1 & D5 placements and the fact that D6 on the bigger chart (next) had been beaten to the upside already. If D5 could hold here, then D6 is clear to move to D7 and that is a big move. With that in mind I have fitted the EW count to D line storyboard. The fact that a 1.62x extension of wave 4 in the expanding diagonal hits exactly the D9 line in the next chart, said to me this is worth ago.
Look also at the descending diagonal exited to make the move on D6, and think there is a lot more coming than what we had already and happy to give the ED the benefit of the doubt. I am already at breakeven with stop and hope for lift off. If the low fails again, I'll leave it for today on assumption my count is not working. USDCHF will be in the weekend Lines in the Sky Report along with USDCHF and GBPUSD, so see you there.
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