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USDCHF : Price Trading In A Correction; More Gains Could Follow

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 7, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USDCHF has turned up from mid September after hitting 0.9527 where we labeled end of a corrective retracement. Ideally that was wave E as part of a big triangle from a daily chart so strong uptrend continuation can be in the cards. If that is correct then current sideways price action is wave (2) that could be looking for a support this week. Traders should be aware of a strong impulsive wave to the upside while 0.9527 invalidation level holds. USDCHF, 4H

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