USD/CHF Wave Analysis
** The counter is has been in a correction formation ever since it spiked due to the corona pandemic.
** The move can be interpreted as a typical ABC correction and the pair has formed an inverted head and shoulder pattern at the lows(visible in shorter timeframes), indicating that the pair has bottomed out.
** We expect a 5-wave upswing from the lows after this deep consolidation.
** Now, the price action needs to cross above the descending trendline to validate the setup.
** Hence, we advise traders to go long only when the trendline breaks.
** However, if you do want precise trade levels and further updates on the trade, we suggest you to subscribe our premium service.
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