USDCHF looks to have completed a bigger triangle correction in wave 4, from where a new drop followed recently. We now expect a new five wave movement to develop within black wave 5, before bears slowdown and make a new pullback higher. Ideally we will see Fibonacci ratio of 161.8 reached, before a new recovery starts to unfold. That said, at the moment we see minor wave iv unfolding.
USDCHF, 4H
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