USDCHF Quick Trade - Long

٢٣ مايو ٢٠٢٢

Looking at the hourly chart on the USDCHF, the pair is in the last leg of a 5-wave decline, with decreasing momentum, as evidenced by the negative divergence. This should be followed by a three-wave correction. While we do not rule out one more down move, we prefer to go long at market with a stop at 0.9575 and a take profit at 0.9770.