USD/CHF:Elliott wave analysis and forecast for 17/04/2020 – 24/04/2020
USD/CHF remains likely to fall. Estimated pivot point is at a level of 0.9803.
Main scenario: Consider short positions from corrections below the level of 0.9803 with a target of 0.9167 – 0.9000.
Alternative scenario: breakout and consolidation above the level of 0.9803 will allow the pair to continue rising to the levels of 1.0024 – 1.0235.
Analysis: Supposedly, the descending third wave of larger degree (3) continues developing on the daily time frame, with wave 3 of (3) forming inside. On the H4 time frame, the first wave of smaller degree i of 3 formed and a correction finished…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>
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