Analyzing USD/CHF on the 2-hour chart using Elliott Wave Theory, I observed that wave (2) marked the end of the recent downward correction. Following this, I am expecting wave (3) to initiate an upward move. The potential targets for wave (3) are:
- 0.91639, which aligns with the length of wave (1)
- 0.91871, corresponding to the 1.618 extension of wave (1)
Additionally, wave (4) could retrace to:
- 0.91463, which corresponds to the 0.618 retracement level of wave (3)
This setup suggests a long position on USD/CHF, targeting these levels as potential take-profit points.
- 0.91639, which aligns with the length of wave (1)
- 0.91871, corresponding to the 1.618 extension of wave (1)
Additionally, wave (4) could retrace to:
- 0.91463, which corresponds to the 0.618 retracement level of wave (3)
This setup suggests a long position on USD/CHF, targeting these levels as potential take-profit points.
✅ Forex Signals: t.me/+prIBChd_gkc4M2E0
✅ Gold Signals: t.me/+EpYg4-Q8LJY2ZTM0
✅ Index Signals: t.me/+kc2yg1vyd0I5YzQ0
✅ Trading News: t.me/+1VcTr7oQBOljMTA0
✅ Gold Signals: t.me/+EpYg4-Q8LJY2ZTM0
✅ Index Signals: t.me/+kc2yg1vyd0I5YzQ0
✅ Trading News: t.me/+1VcTr7oQBOljMTA0