USD/CHF: franc is at the crossroads

USD/CHF: franc is at the crossroads


BUY 0.9985 SL 0.9930 TP1 1.0085 TP2 1.0195 TP3 1.0400

SELL 0.9920 SL 0.9975 TP1 0.9850 TP2 0.972 TP3 0.9620

On the daily chart of USD/CHF, an advance to May high will trigger AB=CD pattern with a target at 224% and increase the odds of the pair getting to the target of “Wolfe waves” pattern. On the other hand, a return of the pair to the downtrend channel will trigger the “Bat” pattern.


On H1, USD/CHF keeps forming a “Widening wedge”. A break of resistance at 0.9985 will open the way up. On the other hand, a break of support at 0.9920 will allow bears to seize the initiative.



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