USDCHF sell trade @H4 chart

FX:USDCHF   U.S. Dollar / Swiss Franc

As CHF is considering as one of the safe heaven assets along with JPY its gained some strength during this financial crisis time

The Elliot wave is forming in this chart we can see that Wave 02 is almost completed and stated its run to complete the wave 03

It will form descending channel .

We can open short positions at this level which is 0.96400

0.94300 would be a resistance level we have keep eye on this level

Primary target would be 0.93100

And the final target would be 0.91900

Stop lose may placed above the 0.96900 level