usd-chfHello Traders

This is an update about USD/CHF 4 hour chart buy trade setup.

Trend is bullish in four hours time frame. Important support is present at 0.9520 price level. In my judgement, price is most likely going to drop now towards 0.9630 price level to print bearish Wave b. Wave b is going be a Flat or Triangle pattern. So, wait a bearish pull back and then look for a buy trade to join an up trend. However; if price action closes a bearish candlestick below 0.9520 support level then up trend will fail. In such case, I will stay out of the market and redo the 4 hours chart analysis of USD/CHF currency pair.

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