USD/CHF analysis for August 01, 2018
Recently, the USD/CHF has been trading upwards. The price tested the level of 0.9930. According to the H1 time – frame, I found a potential end of the fifth wave (Wolfe wave pattern), which is a sign that selling looks risky and that buying is preferable. My advice is to watch for potential buying opportunities on the pullback. The projected upward targets are set at the price of 0.9980 and at the price of 1.000.
Trading recommendations for today: watch for potential buying opportunities.