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Usd/Chf: Intra-day Moves Looking For A Support In 0.9300-0.9330 AreaTop ↑  Our Services (Video Tour) Twitter Facebook Subscribe to our newsletter Jan 19 2012 Usd/Chf was not clear lately. In fact, even 4h chart still did not confirm if we have a top in place already or not. However, the hourly line chart is showing a very nice clean wave structure that is five waves, called an impulse wave. As such, the minimum expectations will be a three waves of a pull-back, which will get underway once channel resistance line is broken. Why three waves!? Becasue after every five waves, correction follows as Elliott Theory says. And we also know that corrections are always structured minimum by three legs! We will be looking for wave v) low in 0.9330/0.9300 area. .gif) Newsletter archive
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