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USDCHF, Elliot Wave Analysis

11/17/2022 10:28 AM

The price is in a correction and may grow.

On the daily chart, the first upward wave of the higher level (1) of 3 forms, within which the wave 3 of (1) developed. Now, a local correction has ended as the fourth wave 4 of (1), within which the wave c of 4 has formed. The upward dynamics of the USD/CHF pair to the area of 1.0200–1.0300 are expected. In this scenario, critical stop loss level is 0.9350.

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