the price is forming a Broadening triangle with correctional waves and intermediate waves, minor and minute waves are also in count, this is not included in the chart as is will be too much on the chart..
the price have been in a strong uptrend the last couple of weeks, and a correction to the break of the triangle, can occur any time soon. a short position can be taken, with a SL at the last top. where tp will be around 0.98500.
If you look at the weekly chart for the pair, a weekly evening star have been forming, and could be indicating a correction back to the triangle, before further upside.
Tuesday PPI m/m for CHF will be released where the numbers are expected to be greater than previously. this can help the price to make the correction,
the price have been in a strong uptrend the last couple of weeks, and a correction to the break of the triangle, can occur any time soon. a short position can be taken, with a SL at the last top. where tp will be around 0.98500.
If you look at the weekly chart for the pair, a weekly evening star have been forming, and could be indicating a correction back to the triangle, before further upside.
Tuesday PPI m/m for CHF will be released where the numbers are expected to be greater than previously. this can help the price to make the correction,