USDCHF: Elliott wave analysis and forecast for 13.01.2023 – 20.01.2023
Main scenario: consider long positions from corrections above the level of 0.9161 with a target of 0.9550 – 0.9810. Alternative scenario: breakout and consolidation below the level of 0.9161 will allow the pair to continue declining to the levels of 0.9087 – 0.8925. Analysis: a bullish third wave of larger degree (3) is developing on the daily chart, with wave 1 of (3) formed inside. A downward correction is presumably completed on the H4 chart as wave 2 of (3), with wave c of 2 formed as its part. Apparently, the third wave 3 of (3) started developing on the... Read full author’s opinion and review in blog of #LiteFinance
Main scenario: consider long positions from corrections above the level of 0.9161 with a target of 0.9550 – 0.9810.
Alternative scenario: breakout and consolidation below the level of 0.9161 will allow the pair to continue declining to the levels of 0.9087 – 0.8925.
Analysis: a bullish third wave of larger degree (3) is developing on the daily chart, with wave 1 of (3) formed inside. A downward correction is presumably completed on the H4 chart as wave 2 of (3), with wave c of 2 formed as its part. Apparently, the third wave 3 of (3) started developing on the... Read full author’s opinion and review in blog of #LiteFinance
