The inverse of the Euro is often, but not always, the UsdChf. And while it is confirming the Euro short
the picture is a little bit cloudy. I have no testing numbers to back up my observation, however, I've noticed
that the UsdChf will often trade 5 waves shorter and 3 waves deeper than the Euro. Thus, the deeper retrace
on this setup. (if this is a second wave then it can retrace all of wave 1 and still be right)
I think I'll watch the Euro for my clue on this one as to what happens @ 1.3500. When it says sell
I'll be a buyer in UsdChf.
the picture is a little bit cloudy. I have no testing numbers to back up my observation, however, I've noticed
that the UsdChf will often trade 5 waves shorter and 3 waves deeper than the Euro. Thus, the deeper retrace
on this setup. (if this is a second wave then it can retrace all of wave 1 and still be right)
I think I'll watch the Euro for my clue on this one as to what happens @ 1.3500. When it says sell
I'll be a buyer in UsdChf.