USDCHF - AB=CD correction heading higher
USDCHF - Intraday - We look to Buy at 0.9894 (stop at 0.9864)
A 5 wave bearish count has been completed at 0.9694. The AB=CD formation target is located at 1.0054. Intraday, and we are between bespoke support and resistance 0.9894-0.9997. The rally has posted an exhaustion count on the daily chart. Intraday signals are far from strong. Preferred trade is to buy on dips.
Our profit targets will be 0.9997 and 1.0050
Resistance: 0.9965 / 0.9997 / 1.0054
Support: 0.9894 / 0.9877 / 0.9873
A 5 wave bearish count has been completed at 0.9694. The AB=CD formation target is located at 1.0054. Intraday, and we are between bespoke support and resistance 0.9894-0.9997. The rally has posted an exhaustion count on the daily chart. Intraday signals are far from strong. Preferred trade is to buy on dips.
Our profit targets will be 0.9997 and 1.0050
Resistance: 0.9965 / 0.9997 / 1.0054
Support: 0.9894 / 0.9877 / 0.9873
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