In the USD/CHF pair's daily timeframe, a bearish trend is emerging as the price adheres to a descending channel pattern and ABC corrective structure. With completion of the B wave, the ongoing correction has already retraced around 50%. This suggests a potential continuation towards the C wave, signaling further downside momentum in the upcoming impulse move.
In the USD/CHF pair's daily timeframe, a bearish trend is emerging as the price adheres to a descending channel pattern and ABC corrective structure. With completion of the B wave, the ongoing correction has already retraced around 50%. This suggests a potential continuation towards the C wave, signaling further downside momentum in the upcoming impulse move.