The USD/CHF pair is currently in a bearish trend on the 4-hour timeframe, following a descending trendline and the Elliott Wave 12345 pattern. The price has just touched the descending trendline and completed the 4th wave, indicating a potential move towards the 5th wave. Traders may anticipate further downward movement in line with the ongoing bearish trend.
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.