USDCHF: Elliott wave analysis and forecast for 02.08.24 – 09.08.24

Highlights and key points Main scenario: consider short positions from corrections below the level of 0.8875 with a bearish target of 0.8546 – 0.8325. A sell signal: after the level of 0.8875 is broken. Stop Loss: above 0.8900, Take Profit: 0.8546 – 0.8325. Alternative scenario: breakout and consolidation above the level of 0.8875 will allow the pair to continue rising to the levels of 0.9045 – 0.9226. A buy signal: after the level of 0.8875 is broken to the upside. Stop Loss: