USD/CHF Strict Wolfe Wave Marks Possible Spike

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

The USD/CHF has formed a strict bullish Wolfe Wave (point 4 is between point 1 and 3) and the price might spike up above 1-3 trendline, making a breakout to the upside. Traders should watch a possible breakout of 0.9984 towards 1.0005 (projected ATR high) and 1.0026. Only above 1.0026 the price might respect full EPA 1-4 (target) at 1.0900 and above.

 

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