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USDCHF, Elliot Wave Analysis

8/3/2022 11:43 AM

Growth in possible.

On the daily chart, the third wave of the higher level 3 of (3) develops, within which the wave iii of 3 formed. Now, a correction has ended as the fourth wave iv of 3, within which the wave (c) of iv has developed, and the development of the fifth wave v of 3 is starting. If the assumption is correct, the USD/CHF pair will grow to the levels of 1.0200–1.0350. In this scenario, critical stop loss level is 0.9468.

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