Greetings.
Let’s take a look at the USD/CHF pair.
For a long time we were seeing a shard drop of the USD/CHF and we’ve seen a nice retracement back up in the past couple of months. It does seem this upward movement could potentially signal a retracement, however, if this is a 3 wave movement, we may see a potential downward correction soon.
Once that downward correction completes, then look for the pair to potentially continue back up to potentially test the .9500 area and above.
Good luck with trading.
We’d also like to wish everyone in the U.S. a very happy and safe Thanksgiving weekend.
