CobraVanguard

USD/CHF many reasons to increase

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
Hi every one
U.S. DOLLAR / SWISS FRANC

chart is speaking it self!!
the USD/CHF has finished It's first five waves of Elliot wave principle movement (12345 Impulse wave) and now It must begin the ABC correction wave!

there is also a falling wedge pattern which means that the price would increase and the price has already broken the pattern!
the price now is making a pull back to the descending triangle (which is shown in the picture) if the price breaks that triangle we shall see a lot of increase in the price!
and also there is a regular bullish divergence as well (+RD) which means the price would increase!

Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.

Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!

Thank you for seeing idea .
Have a nice day and Good luck


Trade closed: target reached
Trade closed: target reached:
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