USD/CHF: Elliott Wave Outlook and Projection

Trading Strategy Overview

If the price remains below 0.8040, traders may look for opportunities to enter short positions, aiming for a profit target in the 0.7700 to 0.7500 range. A potential selling opportunity is confirmed if the price stays under 0.8040, with a recommended stop loss set just above this level and take profit between 0.7700 and 0.7500.

Alternatively, should the price break through and stabilize above 0.8040, this could signal further upward movement towards the 0.8210 to 0.8400 range. In this scenario, a buy signal is generated once 0.8040 is surpassed, with a stop loss placed below 0.8040 and profit targets set between 0.8210 and 0.8400.

• Main Approach: Seek short trades below 0.8040, targeting 0.7700–0.7500.
• Alternative Approach: If price breaks and holds above 0.8040, consider long trades towards 0.8210–0.8400.