USDCHF Triangle a Possibility
240 Minute Bars
Prepared by Jamie Saettele, CMT
“The USDCHF decline from 9872 is corrective, specifically a 4th wave decline. 4th waves are often choppy, sideways affairs that take the form of a triangle or flat. The action since the low certainly fits the description. It’s possible that a low is already in place at 9750 but any additional weakness should be capped by 9714/36 (if indeed the 4th wave interpretation is correct). The stop is below 9650.”
LEVELS: 9680 9715 9750 9840 9873 9990
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