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From previous significant HL the fib shows a consistent bounce along the 50% mark. This is confluent with falling wedge support. Couple that with the fact that we have now broken the wedge and the Kumo Cloud too, I now see trend continuation. Stops have been placed below previous HL (Within the wedge) respectively. The Target is confluent with the -61.8% fib ...
On the USDCHF 4HR chart we have a right-angled broadening wedge, with horizontal resistance at the 1.0190 area. We are waiting for a break to the upside of this structure to target 1.026 and 1.032 which are the previous daily highs on this pair.
A safe haven to buy. currently being bought in large physical amounts by the worlds elite. We are seeing a Descending wedge which is likely to break to the upside. The wedge low was a 50% retracement of the entire move up. possible targets are around the $2400 mark which to some may sound absurd.