USD/CHF: wave analysis
28 March 2018, 09:25
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 0.9485 |
| Take Profit | 0.9335, 0.9180 |
| Stop Loss | 0.9545 |
| Key Levels | 0.9180, 0.9335, 0.9569, 0.9710 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 0.9575 |
| Take Profit | 0.9710 |
| Stop Loss | 0.9515 |
| Key Levels | 0.9180, 0.9335, 0.9569, 0.9710 |
The pair can decrease.
On the 4-hour chart, the upward correction has developed as a wave 2 of (3) of the higher level. Now the formation of the third wave 3 of (3), within which the first wave of the lower level (i) of i has formed, has begun. If the assumption is correct, after the end of the correction (ii) of i the pair will fall to the levels of 0.9335–0.9180. The level of 0.9569 is critical for this scenario.
Main scenario
Short positions will become relevant below the level of 0.9569 with the targets at 0.9335–0.9180.
Alternative scenario
The breakout and the consolidation of the price above the level of 0.9569 will let the pair grow to the level of 0.9710.
On the 4-hour chart, the upward correction has developed as a wave 2 of (3) of the higher level. Now the formation of the third wave 3 of (3), within which the first wave of the lower level (i) of i has formed, has begun. If the assumption is correct, after the end of the correction (ii) of i the pair will fall to the levels of 0.9335–0.9180. The level of 0.9569 is critical for this scenario.
Main scenario
Short positions will become relevant below the level of 0.9569 with the targets at 0.9335–0.9180.
Alternative scenario
The breakout and the consolidation of the price above the level of 0.9569 will let the pair grow to the level of 0.9710.
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