#USDCHF 4 HR #ElliottWave Count

USDCHF 4 HR Elliott Wave Count

So it looks like the Ending Diagonal C wave I was looking at was actually a Leading Diagonal wave (1)?  I will be watching the .95 - .96 area for a bounce.  IF we are looking for the EURUSD to pullback soon then the USDCHF will do the opposite.

USDCHF 4 HR Elliott Wave Count

 

  

#USDCHF 1 HR #ElliottWave Count

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USDCHF 1 HR Elliott Wave Count

It looks as if the USDCHF may have found that short term bottom as well but we should wait for that .9844 to break and give a little more confirmation.

If it has bottomed then obviously the .9770 low needs to hold.

                                  USDCHF 1 HR Elliott Wave Count

#USDCHF 1 HR #ElliottWave Count

USDCHF 1 HR Elliott Wave Count

A break of .9844 would help put this Ending Diagonal business to rest.

USDCHF 1 HR Elliott Wave Count

#USDCHF 1 HR #ElliottWave Count

USDCHF 1 HR Elliott Wave Count

Yep!! Still Waiting...One more low.... :)

It should be near, waiting for the move above .9844 before getting long. 

USDCHF 1 HR Elliott Wave Count

#USDCHF 1 HR #ElliottWave Count

USDCHF 1 HR Elliott Wave Count

A break above .9844 should lead to a move above 1.0023 and higher.

USDCHF 1 HR Elliott Wave Count

#USDCHF 1 HR #ElliottWave Count

USDCHF 1 HR Elliott Wave Count

We did get another new low on the USDCHF for what looks to be an Ending Diagonal.  A move above .9844 could indicate that it is finished and a move back toward 1.0027 underway.

USDCHF 1 HR Elliott Wave Count

#USDCHF 1 HR #ElliottWave Count

USDCHF 1 HR Elliott Wave Count

Still waiting for the last drop on this proposed Ending Diagonal C wave.  We could see a strong move higher after the completion. 

#USDCHF 1 HR #ElliottWave Count

USDCHF 1 HR Elliott Wave Count

We could see a bounce here in the USDCHF after another low could complete an ending diagonal C wave that completes the W wave or the more bullish blue circle ii.  A move above .98765 and I would think this c wave is complete.  

USDCHF 1 HR Elliott Wave Count