Hello traders and welcome to a new blue box article where we discuss recent trade setups. In this one, the spotlight will be on USDCHF.
USDCHF has been a traditionally bearish market since the turn of the millennium. It has exhibited a series of lower lows and larger highs within larger bearish cycles and smaller bearish sub-cycles. From the pre-2022 highs, the pair plunged to its low in August 2011. From that low, it recovered in the next 5 years to complete a corrective cycle in December 2016. Meanwhile, from the peak of 2016, it plunged again and has remained in a bearish cycle. On our weekly chart shared with members, we expect the bearish cycle from the December 2016 high to continue below the August 2011 low. Amid this massively bearish market, we continue to sell the bounces from the blue box on all timeframes, especially on the daily, H4, and H1 charts.
We recorded the most recent trade in late March. Following the pair’s breach of the September 2025 low, we alerted members through live analysis sessions, the live trading room, and our weekend and daily videos. We clearly communicated our intention to sell bounces from the blue box, which our members easily followed. They understood the pair’s direction and how to profit from it. Recognizing our preference for selling, they patiently awaited the blue box, which indicates entry and stop-loss placement.
USDCHF Elliott Wave Analysis: 3.25.2026 Trade Setup
On March 25, 2026, after a failed 7-swing bounce, we alerted members with a chart showing a 15-swing corrective bounce emerging higher. The chart also showed the blue box, where members were encouraged to short. We also listed this as a priority trade in the live trading room, including entry, exit, and target prices for shorts. Members set up their pending orders to trade.
USDCHF Elliott Wave Analysis: 4.23.2026 Trade Update
As the chart above shows, the pair triggered the blue box, and the price fell sharply. We shared the charts with members on April 23, 2026. The sharp fall hit our first target, allowing members to book partial profit and lock the rest of the trade at the break-even price. It was a clean setup. Going forward, the decline from the late March high should develop into a 5-wave structure. We may see a correction this week before more downside follows.
Source: https://elliottwave-forecast.com/forex/usdchf-plunges-beneath-blue-box/