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Elliott Wave Analysis: USDCHF Could Be In For More Gains

FX:USDCHF   U.S. Dollar/Swiss Franc
On the USDCHF             we are looking at higher degree corrective move, that consist out of three waves A-B and C. As we know waves A and C are motive waves, meaning each have five sub-waves and wave B is a corrective wave, meaning that price usually slows down when in the middle of a wave B correction. In our case this wave B correction seems to be a triangle, a complex pattern that usually after its completion pushes price higher, and as we see on the chart, the final wave E of a triangle seems already over, thus meaning we could be at the start of a new five wave move into blue wave C-circled.

Break above the red wave (D) swing could be the confirmation point of view and could mean that the correction is over and more upside may follow.
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