USDCHF corrective structure
Hi traders, as explained in my weekly video I am still looking for a move towards 0.96 for USDCHF.
However, I explained the potential pattern we might see first; an expanded correction. That seems to be correct so far. The current move lower is to considered to be corrective by me and I will therefore look for a buy once this correction is over.
Keep in mind the trend lines are indicative and price can easily break out of the channel to the downside, but without a bearish correction (bear flag) there is no rational reason to change my bias.
Safe trades and check out my video for context.
However, I explained the potential pattern we might see first; an expanded correction. That seems to be correct so far. The current move lower is to considered to be corrective by me and I will therefore look for a buy once this correction is over.
Keep in mind the trend lines are indicative and price can easily break out of the channel to the downside, but without a bearish correction (bear flag) there is no rational reason to change my bias.
Safe trades and check out my video for context.
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