SteveNixon

Long forecast for USDCHF

SteveNixon Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc
21
I know it's a very long forecast but I see this as wave E of a wedge (3 wave correction).
It appears to be breaking out of wave A and starting wave B (see snapshot in comments)
Lets see what happens on the 1H level but there may be a long corrective B wave before completing the move to the bottom of the channel

Does not look good for trading at the moment.

Follow for updates as this develops
Steve
Comment:
1H close up
Comment:
On target

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.