USDCHF One Or Two More Moves Before The Big Break?

FX:USDCHF   U.S. Dollar / Swiss Franc
On the daily time frame USDCHF broke out of a 3 wave structure and is currently forming a flag above this structure. A break of this flag to the upside should indicate the start of the move which will complete the larger structure on the weekly time frame.

This smaller flag formation needs to complete either a 3rd wave down and break up or 5 waves in total before the break to the upside.

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Comment: The overall formation and direction remains the same with a slightly larger confirmation structure than first anticipated.


Great! Thanks for posting:-)
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