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WrightWayInvestments
Jan 3, 2023 2:58 PM

USDCHF - Bullish Falling Wedge Idea  Long

U.S. Dollar/Swiss FrancFXCM

Description


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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Comments
ProjectSyndicate
so far so good, reasonable targets
WrightWayInvestments
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