USDCHF: Elliott Wave Analysis and Forecast for 20.12.24 – 27.12.24

Major Takeaways Main scenario: After the correction ends, consider short positions below the level of 0.9220 with a target of 0.8586 – 0.8386. A sell signal: the price holds below 0.9220. Stop Loss: above 0.9250, Take Profit: 0.8586 – 0.8386. Alternative scenario: Breakout and consolidation above the level of 0.9220 will allow the pair to continue rising to the levels of 0.9444 – 1.0000. A buy signal: the level of 0.9220 is broken to the upside. Stop Loss: below 0.9190, Take Profit: 0.9444 – 1.0000. Main Scenario Consider short positions below the level of 0.9220 with a target of 0.8586... Read full author’s opinion and review in blog of #LiteFinance