Currency: USD/CHF
Trend Expected Direction: Down
Method: Elliott Waves and Fibonacci Levels
Description: A pull back toward 0.382 Fibonacci level at 0.96239 is expected to form wave iv of (iii) as per Elliott theory. I am here expecting a further drop toward (iii), (iv), and (v) once trend come closer to 0.9600 level, therefore I left my target open at this stage. I will update you on this trade as economic news release.
Recommendation: Sell
Target Area: Open
Stop Loss: 0.9700
