USD/CHF: Franc is weak

USD/CHF: Franc is weak

Recommendations:

BUY 0.994 SL 0.9885 TP1 1.004 TP2 1.0125 TP3 1.018

BUY 0.988 SL 0.9825 TP1 0.998 TP2 1.004 TP3 1.0125

On the daily chart of USD/CHF, the pair hasn't reached targets of "Wolfe waves", "Shark" (113%) and AB=CD patterns. The uptrend may recover after rebounds from the important support levels. 

usdchf_d.png

On H1, a break of the bottom line of the upward channel will implement AB=CD and "Bat" patterns with 127.2% and 88.6% targets. Rebounds from the convergence may be used to buy. 

usdchf_60.png

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GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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