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USDCHF, Elliot Wave Analysis

1/4/2023 10:20 AM

The possibility of growth remains.

On the daily chart, the third wave of the higher level 3 is developing, in which the ascending first wave (1) of 3 appeared and the downward correction ended as the second wave (2) of 3. At the moment, wave C of (2) has ended and wave (3) of 3 is developing. If the assumption is correct, the upward dynamics of the USD/CHF pair will continue to the area of 0.9900–1.0151. The level of 0.9195 is critical and stop-loss for this scenario.




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