USDCHF - The pair is possibly in a wave 4 correction indicating another leg down to complete a 5 wave move down that started this summer.
The wave 4 correction seems to be deep and could possibly retrace 50% of wave 3 down to 1.0050. This will fit well with the alternating principle of Elliot wave theory given the very shallow retracement in wave 2.
I will be looking to go short if this current counter trend rally runs to 1.0050.
