My picks: long USDCHF at market, stop at 1.0800, target 1 at 1.1260. Target 2 TBD
Expertise: Technical
Average Time Frame of Trades:
The USDCHF has dropped below its March low of 1.1157. Minimum expectations have been met for wave Y and very short term charts show what looks like a 5 wave rally from 1.0810 to 1.0950. Unless that rally is wave c of a flat (which is possible), then a bottom is in place.
