USD/CHF | Possible Bullish Continuation

USD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.92076, 0.92225, 0.92317

Key Support Levels: 0.91335, 0.91243, 0.91161

4-Hour Chart:

We have seen a bullish impulse wave and are now seeing a correction. If Elliot wave holds, we should get one support in the 50-61.8% area before seeing possible bull side continuation. 

USD/CHF Medium-Term Trend:Bullish

1-Hour Chart:

We got a well-developed 12345-wave cycle (a) to the upside and are now seeing what may be the last push downwards for a correction (b). If buyers come in and support this in the support band below, we may see bullish continuation taking us up for a (c)-wave continuation.

Signal Idea:

Buy Limit order @ 0.91354

TP 1 @ 0.92225

TP 2 @ 0.92507

Stop Loss @ 0.91083

Trade Safely 🙂