USD/CHF: Elliott Wave Analysis and Forecast for 16.05.25 – 23.05.25

Major Takeaways Main scenario: Consider short positions from corrections below the level of 0.8475 with a target of 0.7800 – 0.7600. A sell signal: the price breaches 0.8475 from above. Stop Loss: above 0.8550, Take Profit: 0.7800 – 0.7600. Alternative scenario: Breakout and consolidation above the level of 0.8475 will allow the pair to continue rising to the levels of 0.8857 – 0.9195. A buy signal: the level of 0.8475 is broken to the upside. Stop Loss: below 0.8400, Take Prof