USDCHF 10-Month wedge broken to the upside - Bullish Bias.

17 thg 1, 2016

Price for USDCHF has recently broken out of the 10-Month wedge pattern it was in and made a steady increase afterwards. Price then retraced back to key structure levels at 0.979. Price is expected to break the 1.007 and very possibly the 1.02 and even eventually reach a measured goal of 1.173. The reason I say this is because of the height of the wedge pattern. At a massive 1,930 pips, that would bring a rally up to the 1.173 point, which just so happens to be the 2010 high.
I will be looking for opportunities to BUY.