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WrightWayInvestments

USDCHF - Bullish Falling Wedge Idea

Long
U.S. Dollar / Swiss Franc (FX:USDCHF)  
WrightWayInvestments  
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns Wave Analysis Falling Wedge Bullish Patterns USDCHF chartanalysis chartpattren elliotwaveanalysis fundemental supportandresitance
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trendanalysis chartpattern waveanalysis fallingwedge bullish usdchf chartanalysis chartpattren elliotwaveanalysis fundemental supportandresitance

As we can see in USDCHF we have an impulse to the upside with a break in a falling wedge pattern which indicates a bullish sentiment.

We can also see a double bottom formed in the 4H time frame in confluence to the end of the Elliott Wave with the 5th and final movement.

All of these indications align with a possible push to the upside. I see resistance to this move when price hits around 0.95500, 0.97000, and invalidation to the move at 0.92000.

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