Here I took an Elliott wave pattern to set the next levels of this downtrend of USDCHF. Wherein expected wave 5 ends at/nearby 0.9061. Hence, the day traders can short USD/CHF below the resistance line for the following targets: 0.9084 - 0.9076 - 0.9060.
Trade closed: target reached
The first target of USDCHF has come.Profit: 79+ pips
Trade closed: target reached
All targets reached.
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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.