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USDCHF. Elliot Wave Analysis

12/7/2022 10:27 AM

The price is in a correction and may grow.

On the daily chart, the upward first wave of the higher level (1) of 3 ended, and a downward correction ends as the second wave (2) of 3. Now, the formation of the wave C of (2) is ending. If the assumption is correct, the USD/CHF pair will grow to the area of 0.9900–1.0151. In this scenario, critical stop loss level is 0.9307.

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