Elliott wave analysis of USD/CHF (Swiss franc)

The previously predicted downtrend (look update from October, 18 in my telegram channel) is developing in the form of initial formation. To fully confirm the strengthening of the franc against the US dollar, the market must break through the green level. Until then sideways variants within the upper red level are possible.

I recommend holding previously opened short positions on the pair, taking new ones in the case of approaching to the 62% blue fib OR on a breakdown of the green level. Stop should be kept in the area of the red level in all cases.

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