USD/CHF in Daily time frame

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By Wave Analysis, Initial move to little upside for the target1 mentioned in the chart. Once the "E" wave of Triangle pattern completed, then strong impulse of downside to Target 2 is expected.

Technically the pattern is ready for big move, but fundamentally ADP and Federal fund's rate will decide the direction. If both are in alignment then perfect move of downside is expected. Or else change in structure is possible.

Penafian

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