[B]Commentary[/B]: The USDCHF count is the same as the EURUSD count, but flipped over. That is, the decline from 1.1594 is viewed as wave 1 within a 5 wave bear cycle and wave 2 is the rally to 1.1190. Wave 3 lower is underway now and a bearish bias is warranted as long as price is below 1.1190. Wave 1 of 3 is possibly complete at 1.0884 and a corrective rally could test the former 4th wave congestion at 1.0975/1.1047 before a more pronounced decline unfolds.
[B]Strategy[/B]: Flat