Elkana Roveglia BA
Takemytrades.com
USDCHF has completed a 5 wave upward move and at present has created a 3 downward waves or an A B C correction. On the 60 minutes we can clearly see a channel to the downside. At present the currency pair is forming a corrective pattern. The opportunity will be to wait to finish the correction, wait for the rejection at the top of the channel (approximately @ 0.9911 area) to then look for a sell. First target @ 0.9850 with second target @ 0.9828. Remember to pay close attention to the Dollar Index as this pair has the tendency to follow it.
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