USD/CHF Possible Scenario?
Looking at the 2H chart, we can see that USD/CHF finished 5 waves down (forming big wave 1) and is currently retesting the previous wave (iv) of wave 1 critical area with a triangular continuation pattern (intermediate wave 2).
Not breaking above the 0.9264 area could be an amazing sell opportunity towards new lows for USD/CHF.
Aim for 0.9207 as our first target. Breaking it will push the price towards 0.9173, 0.9157, and 0.9102. If the price also manages to break below 0.9102, we may see a beautiful continuation for more downside towards 0.9018 and 0.89000 as our long-term targets.
Not breaking above the 0.9264 area could be an amazing sell opportunity towards new lows for USD/CHF.
Aim for 0.9207 as our first target. Breaking it will push the price towards 0.9173, 0.9157, and 0.9102. If the price also manages to break below 0.9102, we may see a beautiful continuation for more downside towards 0.9018 and 0.89000 as our long-term targets.
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