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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 whole wave "B" to be a standalone triangle, and the breach of wave "d" high will confirm the bullish trade setup.
Check my second post for the second scenario.
What's your thought on USDCHF?
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 whole wave "B" to be a standalone triangle, and the breach of wave "d" high will confirm the bullish trade setup.
Check my second post for the second scenario.
What's your thought on USDCHF?
