USDCHF: Elliott wave analysis and forecast for 15.04.2022 – 22.04.2022

Main scenario: consider long positions from corrections above the level of 0.9282 with a target of 0.9510 – 0.9683. 

Alternative scenario: breakout and consolidation below the level of 0.9282 will allow the pair to continue declining to the levels of 0.9087 – 0.8924.

Analysis: a descending first wave of larger degree (1) of 5 is formed on the daily chart, and a correction presumably continues developing as the second wave (2) of 5, with wave C of (2) forming inside. On the H4 chart, the fourth wave iv of C is probably completed and the fifth wave v of C is… Read full author’s opinion and review in blog of #LiteFinance