Elliott Wave Analysis: USDCHF Intraday View

Gregor Horvat Wavetraders

On the intraday chart of USDCHF, we can see a nice eight wave cycle in motion from recent lows at the 0.9966 level. We can see five waves up already and a potential flat in the making, with red waves a) and b) both structured with three sub-waves. That said, we are now expecting a five sub-wave move to develope within wave c), ideally towards the 161.8 and 38.2 Fibonacci ratio, from where a nice bullish rally may come in play.

USDCHF, 30MIN

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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