USD/CHF: the franc is weak

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Recommendation:

BUY 0.9955

SL 0.99

TP1 1.0055 TP2 1.01 TP3 1.0130

On the daily chart of USD/CHF, there was a rebound to the  23.6% level from the CD wave of the junior “Shark” pattern within its transformation to the 5-0 pattern. After that, bulls managed to take initiative. To continue the rally to 88.6% and 113% targets of the senior “Shark” pattern, bulls need to break the resistance at 0.9955.

usdchf_d.png

On H1, there is an implementation of the “Wolfe Waves” pattern.  To continue the movement up, bulls need to break the resistance of the 2-4 line.

usdchf_60.png

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