USDCHF Elliott Wave Setup Video

USDCHF reached 0.9642 – 0.9690 area that we were looking for as per the video that we did last week. Pair pulled back as per preferred Elliott Wave view and now showing 5 swings down from 0.9691 high, while below 0.9639 (( x )) wave high, we are expecting 1 more push lower in the pair toward 0.9565 – 0.9547 region to complete 7 swings lower. As the move lower is shown with a dotted line so we don’t like selling the pair and expect to see buyers in above mentioned area for next extension higher.  This view would be valid as far as pivot at 0.9356 (invalidation level) remains intact. If pair fails to rally to new highs above 0.9691 after 7 swings lower, we would expect to see buyers again after 15 swings lower.

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