UnknownUnicorn3397093

USD/CHF Possible Bullish

Long
OANDA:USDCHF   U.S. Dollar / Swiss Franc
We have a possible bullish trend towards the upper line of the channel; but base on Elliott wave analysis it probably won't reach to the upper line. We have possible lower trend line that can be reached by price at 0.98440 level. This level is the 61.8% retracement of a-wave of a zigzag pattern which is the maximum retracement for the b-wave.

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Trade closed: target reached
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