USD/CHF: Elliott wave analysis and forecast for 04.10.24 – 11.10.24

Highlights and key points Main scenario: consider short positions from corrections below the level of 0.8558 with a target of 0.8200 – 0.8000. A sell signal: if the price holds below 0.8558. Stop Loss: above 0.8620, Take Profit: 0.8200 – 0.8000. Alternative scenario: breakout and consolidation above the level of 0.8558 will allow the pair to continue rising to the levels of 0.8753 – 0.9044. A buy signal: once the level of 0.8558 is broken to the upside. Stop Loss: below 0.8500,