Trend is bullish in USD/CHF currency pair, four hour time frame. As I have suggested past week during my daily Live trading room session, market is moving sideways to print Bullish Running Triangle Elliott wave pattern and traders should play the trading range. So, all those Forex traders who have followed the analysis have made the right decision as the price has moved sideways. In my judgement, price is now going to resume the up trend to complete bullish Wave C leg. Strong key support level is present at 0.9852 price level.
Be sure to check out daily Forex market updates via Live Trading Room. Price is most likely going to rise up towards 1.0200 price level in next coming trading days.
Now, current bearish pull back, Wave e pattern in price action is just a buy trade setup to join an up trend to ride bullish Wave C leg. However; if price of USD/CHF currency pair breaks below 0.9852 critical support area then I might like to stay out of the market and re-examine the 4 hour chart of USD/CHF currency pair.
