USD/CHF Bearish Possibility

As we can see on the chart above y-wave with 7 wave is completed and second x-wave is passed the MA(50) but returned after it had reached to the MA(100). If we consider this move as a second x-wave we can see that its size almost equal to the first x-wave. The area between 0.9762 and 0.9745 can be considered as a potential support.

Trade geschlossen: Ziel wurde erreicht