USDCHF is trading in a downtrend; the price will continue to move in the bearish direction. We are in an impulse move phase 1-2-3-4-5 sequence. Waves 1 and 4 are not overlapped making it a good pattern also the wave 1 and 2 are not equal. The downtrend wont last long but worth looking into.
As usual, this is not financial advice. Do you own due diligence. This is just what I see forming.
An ABC correction is forming that, if it proceeds to develop as I see, will constitute the first leg of a Motive Wave.
This correction will need to break through the descending resistance (blue) and add 100% of the A-leg. This will form the 1-leg peak (~$252). ...
