On the USD/CHF daily chart, after target on the previously formed long was fulfilled, “bulls” faced with the convergence zone. If they manage to test the resistance at 1.009 (78,6% Fibo level from XA wave), the transformation of “Gartley” pattern to the “Crab” pattern will open the way towards 1,077 for them.
On the USD/CHF hourly chart, correction in the direction of the lower boundary of the upward trading channel, the 23,6% level formed from the last “bullish” wave and target 88,6% in the “Shark” pattern should be used for the formation of long positions.
Recommendation: BUY 0,994 SL 0,9875 TP1 1,017 TP2 1,077.
Origin: FX BAZOOKA