USDCHF is in a deep pullback since December of 2015 when pair found a high at 1.0327 which we think it's a temporary top since we see current big decline as corrective wave IV. Ideally this wave IV belongs to a big ending diagonal pattern that could resume up from an important trendline connected since start of May of 2015. We are waiting on impulsive bounce back above 0.97886 swing which would be an important evidence that wave IV is completed and that price is headed to higher levels.
USDCHF, 4H
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