USD/CHF: Elliott Wave Analysis and Forecast for 16.10.26–23.10.26

Major Takeaways Main scenario: Consider short positions from corrections below the level of 0.8398 with a target of 0.7950–0.7755. A sell signal: the price holds below 0.8398. Stop Loss: above 0.8438, Take Profit: 0.7950–0.7755. Alternative scenario: Breakout and consolidation above the level of 0.8398 will allow the pair to continue rising to the levels of 0.8588–0.8750. A buy signal: the level of 0.8398 is broken to the upside. Stop Loss: below 0.8358, Take Profit: 0.8588&nda