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USDCHF Bearish Shark And ABCD Patterns

USDCHF Bearish Shark And ABCD Patterns

Our long trade which I have posted in our live interactive charts for members has achieved its target and generated 120 pips. – see below live interactive chart –

USDCHF Analysis
Bullish Elliott Triangle Pattern

As I have mentioned in my DXY analysis USD is very strong. – Technically and Fundamentally –

Looking at the USDCHF pair, technically, the pair completed the AB=CD pattern at 0.99790. This level and the potential minor retracement is confirmed by Murrey Math calculations – extremely overshoot in H4 -.

The pair is likely to retrace and pullback towards 099500 and 0.99350.

These levels can be used as a buying opportunities. Our target is 1.0000  – parity – and 1.00550 where the Bearish Shark and ABCD 1.618 extension confront.

The U.S CPI is released on Wednesday. A better than expected CPI will send the pair 1.0070 and 1.01260 medium terms.



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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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