USD/CHF: wave analysis
02 April 2018, 09:30
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 0.9545 |
| Take Profit | 0.9710 |
| Stop Loss | 0.9485 |
| Key Levels | 0.9180, 0.9428, 0.9710 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 0.9420 |
| Take Profit | 0.9180 |
| Stop Loss | 0.9500 |
| Key Levels | 0.9180, 0.9428, 0.9710 |
The pair can grow.
On the 4-hour chart, the upward correction is developing as a wave 2 of (3) of the higher level. Now the formation of the wave c of 2, within which the correction of the lower level (ii) of c is developing, has begun. If the assumption is correct, the pair will grow to the level of 0.9710 after the end of it. The level of 0.9428 is critical for this scenario.
Main scenario
Long positions will become relevant above the level of 0.9428 with the target at 0.9710.
Alternative scenario
The breakdown and the consolidation of the price below the level of 0.9428 will let the pair go down to the level of 0.9180.
On the 4-hour chart, the upward correction is developing as a wave 2 of (3) of the higher level. Now the formation of the wave c of 2, within which the correction of the lower level (ii) of c is developing, has begun. If the assumption is correct, the pair will grow to the level of 0.9710 after the end of it. The level of 0.9428 is critical for this scenario.
Main scenario
Long positions will become relevant above the level of 0.9428 with the target at 0.9710.
Alternative scenario
The breakdown and the consolidation of the price below the level of 0.9428 will let the pair go down to the level of 0.9180.
No comments:
Write comments