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USDCHF, Elliot Wave Analysis
8/17/2022 12:03 PMA fall is possible.
On the daily chart, the downward fifth wave of the higher level 5 develops, within which the first wave (1) of 5 forms. Now, the third wave of the lower level 3 of (1) is developing, within which the wave iii of 3 is forming. If the assumption is correct, the USD/CHF pair will fall to the area of 0.8916–0.8730. In this scenario, critical stop loss level is 0.9647.
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