The USD/CHF price action is showing a bullish move on the 4-hour timeframe after breaking out from a double bottom neckline. The recent impulse move has retracmentto 38%, aligning with the key B point. The price appears to be following an Elliott Wave ABC correction pattern, indicating potential further upside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.