The 1-hour chart of USD/CHF is in a downtrend.
It has formed the 4-th wave of Elliot wave and formed the 5-wave.
Moreover, the 4-th wave has formed as an bearish flag pattern. Hence we expect the pair to be bearish.
It has formed the 4-th wave of Elliot wave and formed the 5-wave.
Moreover, the 4-th wave has formed as an bearish flag pattern. Hence we expect the pair to be bearish.
Trade closed: target reached
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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.