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ProficientForex

USDCHF - Expanded Flat pattern in wave 4

Long
U.S. Dollar / Swiss Franc (FX_IDC:USDCHF)  
ProficientForex  
FX_IDC:USDCHF   U.S. Dollar / Swiss Franc
Technical Indicators Chart Patterns Trend Analysis USDCHF usdchfidea usdchfsignal usdchfanalysis pf-marketanalysis
2
0
indicator chartpattern trendanalysis usdchf usdchfidea usdchfsignal usdchfanalysis pf-marketanalysis
There are many scenarios for this currency in the daily and weekly charts, but the current pattern in the 240-minute chart is Expanded Flat, which can be extended in the up the range of 0.9275 to 0.9387.
It should be noted, this is a corrective movement of wave 4, after the completion of correction, the downtrend will begin in the last wave
If the price exceeds the range of 08978, this scenario will be violated. In case the price crosses the range of 0.9139, the ascending trend will be confirmed.

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