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Elliott Wave Analysis: USDCHF Temporary Correction Could Be In View

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 19, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USDCHF was in pullback last week from where we have seen a continuation back to the highs. We see pair now reaching levels above 1.0200 with five subwaves up from 0.9838. We know that after every five waves new correction occurs, so ideally wave III is now near completion which means that market can make a three wave set-back down in wave IV, close to 1.0085 from were we would look for a new turn to the upside. USDCHF, 4H

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