USD/CHF: wave analysis
17 May 2018, 09:52
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 1.0005 |
| Take Profit | 1.0137, 1.0190 |
| Stop Loss | 0.9953 |
| Key Levels | 0.9798, 0.9860, 0.9953, 1.0137, 1.0190 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 0.9945 |
| Take Profit | 0.9860, 0.9798 |
| Stop Loss | 1.0000 |
| Key Levels | 0.9798, 0.9860, 0.9953, 1.0137, 1.0190 |
The pair may grow.
Within the H4 timeframe, the uptrend is presumably continuing as the first wave of the higher level 1 of (3). At the moment, apparently, the third wave of lower level iii of 1 is developing, within the framework of which the local correction (iv) of iii was completed. If the assumption is right, the growth of the pair will continue to the levels of 1.0137–1.0190. The level of 0.9953 is critical and stop-loss for this scenario.
Main scenario
Long positions are relevant above the level of 0.9953 with targets at 1.0137–1.0190. Implementation period: 3–5 days.
Alternative scenario
Breaking down the level of 0.9953 and consolidation below it will allow the pair to continue reduction to the level 0.9860–0.9798.
Within the H4 timeframe, the uptrend is presumably continuing as the first wave of the higher level 1 of (3). At the moment, apparently, the third wave of lower level iii of 1 is developing, within the framework of which the local correction (iv) of iii was completed. If the assumption is right, the growth of the pair will continue to the levels of 1.0137–1.0190. The level of 0.9953 is critical and stop-loss for this scenario.
Main scenario
Long positions are relevant above the level of 0.9953 with targets at 1.0137–1.0190. Implementation period: 3–5 days.
Alternative scenario
Breaking down the level of 0.9953 and consolidation below it will allow the pair to continue reduction to the level 0.9860–0.9798.
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