Interesting pattern emerging on the 4 Hourly UsdChf. Currently we have an AB=CD pattern unfolding targeting 0.8961 with an 88.6//113.0 Fib reciprocal. But also the chance of an SHS.
Ideally for the SHS we need to construct the right shoulder back toward 0.9230 before a fall back and break of the neckline currently at 0.9093. Should the right shoulder be symmetrical in both time and price the measured move target would come in near 0.8858.
Very similar pattern to that identified in the USDX and obviously inverse shs in both Aud and Kiwi..
Update - UsdChf was unable to rally toward ideal target and has now broken the support, Target now reverts to the immediate AB=CD and 88.6 % zone at 0.8961/76.
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