usd-chfTrend is bearish in four hours time frame. Important resistance is present at 0.9819 price level. In my judgement, market is now most likely going to drop back towards 0.9565 price level. A good idea is look for a sell trading chance an join the down trend to ride and trade bearish Wave Y.

Bearish Elliott Wave Y is part of a Double Zig Zag pattern. If price action close a bullish candlestick above 0.9819 resistance level then down trend will fail. In such case, I will redo the 4 hours chart analysis of USD/CHF currency pair.

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