Elliott Wave Analysis: USD/CHF Trading Into Wave Five

USD/CHF 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 may slowdown and make a new pullback higher. Ideally we will see Fibonacci ratio of 161.8 reached, before a new recovery starts to unfold.

USD/CHF, 4H

USD/CHF 4-Hour Chart

Disclosure: Please be informed that information we provide is NOT atrading recommendation or investment advice. All our work is for educational purposes only.

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