Tue, Sep 27, 2022 @ 05:07 GMT
HomeContributorsTechnical AnalysisElliott Wave Analysis: USDCHF Trading Lower Into Wave Five

Elliott Wave Analysis: USDCHF Trading Lower Into Wave Five

USDCHF looks to have completed a bigger triangle correction in wave 4, from where a new drop followed recently. We now expect a new five wave movement to develop within black wave 5, before bears slowdown and make a new pullback higher. Ideally we will see Fibonacci ratio of 161.8 reached, before a new recovery starts to unfold. That said, at the moment we see minor wave iv unfolding.

USDCHF, 4H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

Featured Analysis

Learn Forex Trading