USD/CHF: franc showed weakness
Read the article on FBS website
Recommendation:
BUY 0.9975
SL 0.9920
TP1 1.0075 TP2 1.0175
On the daily chart, attempts of bears to bring USD/CHF outside the triangle and the uptrend channel failed. This points at their weakness and allows bulls to count on getting to targets of “Wolfe waves”.
On H1, bears are still hoping for the realization of “Broadening wedge” pattern. To do that, they will have to make the pair fall below 0.9895. A break of resistance at 0.9975 in line with the “Spike and ledge” pattern seems more likely.
