Good day traders! Hope everybody is doing good.
Let's look at USDCHF and its daily time frame.
On the daily chart of USDCHF we can see that price was trading quite corrective for the last two years and unfolded a bigger Flat pattern. Well recently this flat pattern found a base near the 0.9417 level and recovered nicely higher and eventually breached above the trendline connected from December of last year. That said, this break now suggests a change in trend, from bearish to bullish and that a highe degree five-wave impulse may follow into black wave C of Y), as labeled on the chart.
Have a nice day everyone!
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USDCHF, Daily
Disclosure: Please be informed that information we provide is NOT atrading recommendation or investment advice. All our work is for educational purposes only.
