USD/CHF: wave analysis
25 May 2018, 09:37
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 0.9917 |
| Take Profit | 1.0137, 1.0190 |
| Stop Loss | 0.9884 |
| Key Levels | 0.9744, 0.9819, 0.9884, 1.0137, 1.0190 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 0.9880 |
| Take Profit | 0.9819, 0.9744 |
| Stop Loss | 0.9910 |
| Key Levels | 0.9744, 0.9819, 0.9884, 1.0137, 1.0190 |
The pair can grow.
On the 4-hour chart, the upward momentum is developing as a first wave of the higher level 1 of (3). Now the third wave of the lower level iii of 1 has formed, and the local correction iv of 1 is ending. If the assumption is correct, the pair will grow to the levels of 1.0137–1.0190. The level of 0.9884 is critical and stop-loss for this scenario.
Main scenario
Long positions will become relevant above the level of 0.9884 with the targets at 1.0137–1.0190. Implementation period: 5–7 days.
Alternative scenario
The breakdown and the consolidation of the price below the level of 0.9884 will let the pair go down to the levels of 0.9819–0.9744.
On the 4-hour chart, the upward momentum is developing as a first wave of the higher level 1 of (3). Now the third wave of the lower level iii of 1 has formed, and the local correction iv of 1 is ending. If the assumption is correct, the pair will grow to the levels of 1.0137–1.0190. The level of 0.9884 is critical and stop-loss for this scenario.
Main scenario
Long positions will become relevant above the level of 0.9884 with the targets at 1.0137–1.0190. Implementation period: 5–7 days.
Alternative scenario
The breakdown and the consolidation of the price below the level of 0.9884 will let the pair go down to the levels of 0.9819–0.9744.
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