What happened? It looks like the decline in EUR/CHF to 1…
USD/CHF falling inside minor C-wave
2019-11-11 • Updated
- USD/CHF falling inside minor C-wave
- Next sell target - 0.9800
USD/CHF continues to fall inside the minor C-wave of the intermediate ABC correction (2) from the start of May – which started earlier – when the pair reversed down from the major resistance zone located between the multi-month resistance level 1.0040 (which also reversed the pair in last November) and the upper daily Bollinger Band. USD/CHF is expected to fall further toward the next sell target at next support level 0.9800 (target for the completion of the active wave (2)).
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...