Analyzing AUD/CHF on the 45-minute chart using Elliott Wave Theory, I observed that wave (4) marked the end of the recent downward correction. Following this, I am expecting wave (5) to initiate an upward move. The potential targets for wave (5) are:
- 0.61102, corresponding to the 0.618 extension of wave (1)
- 0.61452, which aligns with the length of wave (1)
- 0.62018, corresponding to the 1.618 extension of wave (1)
This setup suggests a long position on AUD/CHF, targeting these levels as potential take-profit points.
- 0.61102, corresponding to the 0.618 extension of wave (1)
- 0.61452, which aligns with the length of wave (1)
- 0.62018, corresponding to the 1.618 extension of wave (1)
This setup suggests a long position on AUD/CHF, targeting these levels as potential take-profit points.
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