As noted on the previous weekly chart the pair may be starting a possible e" wave down of a triangle.
If the count is correct a long in the .9700 area could be a nice buy with a target of 1.1500.
If the RSI breaks the trendline I will be looking for a bounce in the 40 area.
If the count is correct a long in the .9700 area could be a nice buy with a target of 1.1500.
If the RSI breaks the trendline I will be looking for a bounce in the 40 area.
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Pretty hard crop today so watching to see if this turns into an impulse down for the bearish wave count posted below, USDCHF headed for .9300. The alt. I have is the ABC for the E leg of the triangle.
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Looks like wace 1 of C may be nearing an end..looking for more logs with target of 1.1500
