USD/CHF: the franc is weak
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Recommendation:
BUY 0.9955
SL 0.99
TP1 1.0055 TP2 1.01 TP3 1.0130
On the daily chart of USD/CHF, there was a rebound to the 23.6% level from the CD wave of the junior “Shark” pattern within its transformation to the 5-0 pattern. After that, bulls managed to take initiative. To continue the rally to 88.6% and 113% targets of the senior “Shark” pattern, bulls need to break the resistance at 0.9955.
On H1, there is an implementation of the “Wolfe Waves” pattern. To continue the movement up, bulls need to break the resistance of the 2-4 line.
