In the last few months, USDCHF
has been showing a beautiful bear market, but it broke at the end of September and we can see the strong reversal where USDCHF
went up around 240 pips in just 5 days. Around the marked area, we expect a correction (not a reversal) because of the area of resistances. If USDCHF
gets to the marked area, the expected correction is around 50-100 pips.