#USDCHF Daily #ElliottWave Count

USDCHF Daily Elliott Wave Count

It is possible that the B wave pullback was complete at .9660 low is wave ii.  A break above 1.00277 from current levels could be the start of  wave iii.  Until that high breaks I will be looking lower toward .9500.

USDCHF Daily Elliott Wave Count

$USDCHF Daily Elliott Wave Count

$USDCHF Daily Elliott Wave Count

The USDCHF had an impressive rally up from the .91874 lows Feb 2018.  It appeared to be creating a nice Elliott Wave Impulse higher but failed when it reach the round number resistance of 1.000.  The move since has been a sideways correction that I do not believe is complete.

I believe we will see an expanded flat that could reach the 161.8% extension and the 50 back around .9630.  On a smaller time frame it looks like we could have a possible Leading Diagonal that is complete and working on a wave 2 or B correction.

A break of .98671 and I believe we will see lower prices for the x wave.

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USDCHF Daily Elliott Wave Count