USDCHF: Elliott wave analysis and forecast for 22.04.22 – 29.04.22

Main scenario: consider long positions from corrections above the level of 0.9440 with a target of 0.9600 – 0.9683. 

Alternative scenario: breakout and consolidation below the level of 0.9440 will allow the pair to continue declining to the levels of 0.9192 – 0.9087.

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