USDCHF is Approaching a Level That Should Scare the Bulls
The rally from wave c of Y low on 16th Jan 2020 has been unfolding as a double zigzag corrective wave. Corrective structure moves in the opposite direction of the major trend, that's once the wave y of X is completed, the bearish trend should resume.
I'm anticipating the correction to complete at the daily resistance zone that lined up with the moving average.
Watch out for bearish price action signals from that zone to confirm the completion of correction.
What's your thought on USDCHF?
I'm anticipating the correction to complete at the daily resistance zone that lined up with the moving average.
Watch out for bearish price action signals from that zone to confirm the completion of correction.
What's your thought on USDCHF?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.