usd-chf-fxiTrend is bullish in four hours time frame. Important support is present at 0.9660 price level. In last few trading days, price has started the decline, which looks like Wave c. Wave c is part of a bullish Expanded Flat pattern. So, I expect price to drop towards 0.9805 price area to complete Wave 2 pattern.

In my judgement, A good idea is to wait for the market to print bearish Wave c leg and then look for a buy trade to join the bullish trend. However; if price action closes a bearish candlestick below 0.9660 important support level then up trend will end. In such case, I will stay out of market and redo the 4 hours chart analysis of USD/CHF currency pair.

By FXOpen