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USDCHF is making a triangle corrective structure. Triangle is very deceptive in nature so we must be prepared to catch the breakout in either direction.
In this analysis, we consider the triangle to be wave (b) of zigzag pattern in "B", and the breach of wave "d" low will confirm the bearish trade setup.
Check my second post for the first scenario.
Do you think USDCHF will break to the downside?
USDCHF is making a triangle corrective structure. Triangle is very deceptive in nature so we must be prepared to catch the breakout in either direction.
In this analysis, we consider the triangle to be wave (b) of zigzag pattern in "B", and the breach of wave "d" low will confirm the bearish trade setup.
Check my second post for the first scenario.
Do you think USDCHF will break to the downside?
