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Pin_Point_Signal_Service

USDCHF

Long
U.S. Dollar / Swiss Franc (OANDA:USDCHF)  
Pin_Point_Signal_Service Updated   
OANDA:USDCHF   U.S. Dollar / Swiss Franc
4
0
Price is moving inside descending channel. Currently price formed falling wedge pattern with very strong Divergence on RSI which indicates high probability trend reversal and long opportunity on lower timeframe.
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Price broke falling wedge pattern with impulse to the up side. Now the triangle patter is completed and price will continue to the up side.

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Whatch for correction pattern on lower time frame for another entry.
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Analysis done by the book of Elliot Wave Principles with use of fibbonaci retracements and extensions. This is 5 minute chart it gives clearer picture what is price doing.

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Update.

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