USDCHF Setting Up for Long

[B]My picks:[/B] not time yet to go long USDCHF
[B]Expertise:[/B] Technical
[B]Average Time Frame of Trades:[/B]

The USDCHF has dropped below its March low of 1.1157. In other words, minimum expectations have been met for wave Y. One more low could complete 5 waves down from 1.1265 and give way to a bottom and reversal. A rally above 1.1087 would suggest that a low is already in place.