Long forecast for USDCHF

I know it's a very long forecast but I see this as wave E of a wedge (3 wave correction).
It appears to be breaking out of wave A and starting wave B (see snapshot in comments)
Lets see what happens on the 1H level but there may be a long corrective B wave before completing the move to the bottom of the channel

Does not look good for trading at the moment.

Follow for updates as this develops
Steve

Yorum:

1H close up

Yorum:

On target