USDCHF: Elliott wave analysis and forecast for 06.09.24 – 13.09.24

Highlights and key points Main scenario: consider short positions from corrections below the level of 0.8541 with a bearish target of 0.8200 – 0.8000. A sell signal: if the price holds below 0.8541. Stop Loss: above 0.8600, Take Profit: 0.8200 – 0.8000. Alternative scenario: breakout and consolidation above the level of 0.8541 will allow the pair to continue rising to the levels of 0.8742 – 0.9044. A buy signal: once the level of 0.8541 is broken to the upside. Stop Loss: below