USDCHF Trades into a Bullish Triangle – Elliott Wave Analysis

USDCHF made a strong push upward yesterday on account of USD gains. We need to change our wave counts since we invalidated our 4 wave bearish perspective. We are seeing this as a possible triangle at this moment, which will then be placed in the middle of the ABC as connecting wave, and pause before we go up on the larger time frames.  We expect at least one more push down to complete wave E. We step aside since triangles are not the place to be in during the swing trading.

USDCHF 4h Elliott Wave Analysis

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