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USDCHF: Broken Channel Suggests Higher Prices

Discussion in 'Technical Analysis' started by Kaitlin, Mar 9, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    USDCHF is trading as planned, as we see a strong impulsive incline on the intraday chart, that started right after the upper corrective channel line from 1.0004 was broken.That said we now think that wave 3 is underway, ideally towards our fibo. ratio of 261.8, that can be seen next[​IMG]

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