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Alternativetrendline

USDCHF Buy IdeaH4 - We got one false break, we might look for one more false break. Price broke below alternative trend line. Double wave formed and the second leg reached the 161 fibo level and a reversal is happening now. M30 - We may now look for a correction to happen (this could be higher than the most recent low or lower than the most recent low) both are fine. After the correction once we get bullish evidences, we can look for buys. Alternative Scenario: Look for the price to provide some sort of correction and then one or two more waves down. After that once the price breaks above the middle point, we can start looking for buys.
Short
by VladimirRibakov