#USDCHF 4 HR Elliott Wave Update
Updated 04/20/17 4:16 pm CST
We got the new low for wave 5 as expected but didn't quite reach the 61.8 at .9925. Long at 99716.
Trade Thoughts - Long Against .9812
Targets - Long term 1.1300
The USDCHF looks like there could be another low for a 5th wave of circle C of ii. The RSI has moved out of the oversold area so a new low could cause divergence.
I am currently long on Zulu Trade from .99716 with a stop at .9812. I hope to add more at .9925.
USDCHF 4 HR Elliott Wave Chart
|USDCHF 4 HR Elliott Wave Chart|