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USDCHF: 0.943 Likely To Complete Bearish 5-Wave Impulse
The current USDCHF structure indicates that perhaps the final part of the bearish double zigzag Ⓦ-Ⓧ-Ⓨ is forming, where wave Ⓨ is a simple zigzag consisting of intermediate sub-waves (A)-(B)-(C). Subwaves (A) and (B) were fully completed, whereas (C) is still under construction. It is likely that in the near future we will see a decline in the minor impulse 5 near 0.943, the target would respect the tenancy of 5-wave impulses (A) and (С) being equal since, in zigzags, the actionary waves often tend to be equal. If we consider an alternative scenario, we can see that the intermediate wave (C) may have already been ... (full story)
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