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USDCHF 2H PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
USDCHFDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
USDCHF - Dollar Uprising again?This analysis shows the whole downside as a corrective move. And the ongoing ending diagonal confirms a reversal to more upside. The invalidation level remains at the previous low, and above that the upside remains a likely move.
The Fed's Interest rate decision could trigger the strong move breaking the structure.
Price breaking the previous low (Invalidation level) means the dollar would go to further bearish levels.
The analysis is based on the Elliott Wave Theory.
USDCHF BEARISH IDEAUSDCHF BEARISH TRIANGLE
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USDCHF: Continuation After a FLATUSDCHF has concluded a FLAT structure and is rising in an impulsive manner in a parallel channel. The impulsive nature of the rise from the zone of 0.9500 suggests that the pair is likely to continue the uptrend towards the level of 1.0100 in the coming weeks. One should look for bullish opportunities for trading purpose.
TRADING STRATEGY:
Go long on dips near the levels of 0.96500 keeping SL of 0.9500 and look for the target of 1.00700.