USDCHF look to me an abc correction up, now it is going for another new low, inverted hns, only when formed then is confirmed, we only trade what market is telling us now, that is to short it until price or waves proven otherwise
USDCHF Right… i mentioned the 4h chart making an inverted head and shoulders pattern. Well, it looks to be forming the last leg of the shoulder and I believe this may be a good place to enter for a buy.
USDCHF unemployment report is coming in today, all the forecasts are negative for the dollar. we may have to see how much further this pair can go. if it holds .78500 then we have a strong resistance.