USD/CHF: bulls don't give up

USD/CHF: bulls don't give up

Recommendation:

BUY 0.9965 SL 0.991 TP1 1.0065 TP2 1.018 TP3 1.04

On the daily chart of USD/CHF, the transformation of the "Shark" pattern into the 5-0 one continues. The reversals to 23.6%, 38.2% and 50% from the CD wave are usually used to open long positions towards the targets of the "Wolfe Waves" and AB=CD patterns. 

usdchf_d.png

On H1, if the pair manages to move back to the resistance at 0.9965 (the upper border of the downward channel) and test it, the "Wolfe Waves" and "Broadening Wedge" patterns may be implemented.

usdchf_60.png 

Similar

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

USD/CAD may be capable of more

USD/CAD firstly formed a bullish “engulfing” candlestick on the W1 and then confirmed the upside by the following strong bullish candlestick.

Latest news

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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