I believe we are forming an Elliot wave and will be looking for buys on USDCHF at around 0.9700. I will be placing an order and expecting a snipe trade straight into profit. If I was to be more conservative I would wait for a bullish candle on 4H.
My analysis predicts we will have a corrective wave from 0.9700 to my highlighted zone between 0.5 and 0.618 fib retracements. Trade will look something like this:
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