USDCHF: A longer time outlook and analysis with BAT pattern

FX:USDCHF   U.S. Dollar / Swiss Franc
We are currently in a consolidation wave B of a larger A-B-C corrective wave 2 of a possible much larger 1-2-3-4-5. This consolidation wave B is about to end and wave C of the A-B-C corrective wave is about to begin. Waiting for a breakout of the upper trendline of the current consolidation wave B to confirm this.

There is also a BAT pattern waiting to be completed long-term. Prices are currently tracing out the CD leg of this BAT pattern . Upon the Bat pattern completion, prices will have retested the highs as is quite common. Wave 2 of any impulse wave can retrace almost 100% of wave 1. In this case, that is what I am expecting to happen. If prices reach this Bat pattern completion, I would actually expect this pair to put in a double top before falling and beginning wave 3 of the larger possible 1-2-3-4-5 impulse wave down later this year.

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