2017 Week #1 - USDCHF Waiting for More Confirmation
Since March 2015, price has been in a corrective structure. In confluence with the recent rate hike from the FED and potentially 3 more hikes in 2017, price seems to have completed a complex corrective structure, and we might see price hitting higher towards 1.0620 area.
4-hour might have completed a running flat structure. Price will have to break above 1.0320 impulsively to confirm the completion.
Trade plan: wait for more confirmation.
4-hour might have completed a running flat structure. Price will have to break above 1.0320 impulsively to confirm the completion.
Trade plan: wait for more confirmation.
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Not much has move in USDCHF. Continue to be patient and wait for more confirmation.
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