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USDCHF: Are We Going For A Bullish Impulse?
USDCHF seems to be forming a bullish zigzag that consists of primary sub-waves Ⓐ-Ⓑ-Ⓒ. The market has completed an impulse wave Ⓐ, which was followed by a horizontal contracting triangle in wave Ⓑ. It seems that the pair has now begun to form the initial part of the final impulse Ⓒ. Thus, in the short term, we can expect prices to extend up to 1.001, at which, Ⓒ will be at 61.8% of wave Ⓐ. image However, an alternative scenario is indicative of an incomplete correction Ⓑ. It would appear to consist of intermediate sub-waves (A)-(B)-(C) and a standard zigzag pattern, where, currently, prices are structuring an ... (full story)