USD/CHF: Elliott wave analysis and forecast for 09.04.21 – 16.04.21
Main scenario: long positions will be relevant above the level of 0.9150 with a target of 0.9505 – 0.9590.
Alternative scenario: breakout and consolidation below the level of 0.9150 will allow the pair to continue declining to the levels of 0.9073 – 0.8873.
Analysis: Presumably, the descending first wave of larger degree (1) of 5 finished developing on the daily time frame, with wave 5 of (1) formed inside. An ascending correction started developing as wave (2) on the H4 time frame, with wave A of (2) forming inside. On the H1 time frame, apparently, the third wave of smaller... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/cFci
