USD/CHF: wave analysis
19 September 2017, 09:03
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 0.9598 |
| Take Profit | 0.9877, 0.9980 |
| Stop Loss | 0.9505 |
| Key Levels | 0.9300, 0.9412, 0.9877, 0.9980 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 0.9410 |
| Take Profit | 0.9300 |
| Stop Loss | 0.9470 |
| Key Levels | 0.9300, 0.9412, 0.9877, 0.9980 |
The pair is expected to continue growing.
On the four-hour chart, the development of the fifth wave 5 was supposedly completed within the first wave (1) of higher level. Local development of an upward correction as a wave (2) has begun, within the framework of which a "bullish" impulse as a wave i of A has formed, and the development of a downward correction ii of A is nearing completion. If the assumption is true, then after the correction is completed, the pair will continue to grow to the levels of 0.9877-0.9980. The level of 0.9412 is critical for this scenario.
Main scenario
Expect the completion of correction ii of A and buy a pair above the level of 0.9412 with a target in the range of 0.9877-0.9980.
Alternative scenario
Breakdown of the level of 0.9412 will allow the pair to continue the decline to the level of 0.9300.
On the four-hour chart, the development of the fifth wave 5 was supposedly completed within the first wave (1) of higher level. Local development of an upward correction as a wave (2) has begun, within the framework of which a "bullish" impulse as a wave i of A has formed, and the development of a downward correction ii of A is nearing completion. If the assumption is true, then after the correction is completed, the pair will continue to grow to the levels of 0.9877-0.9980. The level of 0.9412 is critical for this scenario.
Main scenario
Expect the completion of correction ii of A and buy a pair above the level of 0.9412 with a target in the range of 0.9877-0.9980.
Alternative scenario
Breakdown of the level of 0.9412 will allow the pair to continue the decline to the level of 0.9300.
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