TimStuyts
Long

USDCHF corrective structure

FX:USDCHF   U.S. Dollar / Swiss Franc
Hi traders, as explained in my weekly video I am still looking for a move towards 0.96 for USDCHF             .
However, I explained the potential pattern we might see first; an expanded correction. That seems to be correct so far. The current move lower is to considered to be corrective by me and I will therefore look for a buy once this correction is over.
Keep in mind the trend lines are indicative and price can easily break out of the channel to the downside, but without a bearish correction ( bear flag ) there is no rational reason to change my bias.

Safe trades and check out my video for context.
Great. Looks like its still holding in the channel..Also do you think this is a good entry point? or we will see it drop further?
+1 Reply
@Sidd, sorry I wasn't able to respond earlier. I will elaborate on the entry in my next video which I will upload this weekend to my YouTube channel.
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