USD/CHF: wave analysis
09 August 2018, 09:42
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 0.9935 |
| Take Profit | 1.0070, 1.0115 |
| Stop Loss | 0.9865 |
| Key Levels | 0.9670, 0.9745, 0.9865, 1.0070, 1.0115 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 0.9860 |
| Take Profit | 0.9745, 0.9670 |
| Stop Loss | 0.9898 |
| Key Levels | 0.9670, 0.9745, 0.9865, 1.0070, 1.0115 |
The pair can grow.
On the 4-hour chart, the fifth wave v of 1 develops as a diagonal triangle. Now the fifth wave of the lower level (v) of v is developing, within which the wave b of (v) is ending. If the assumption is correct, the pair will grow to the levels of 1.0070–1.0115. The level of 0.9865 is critical and stop loss for this scenario.
Main scenario
Long positions will become relevant during the correction, above the level of 0.9865 with the targets at 1.0070–1.0115. Implementation period: 5–7 days.
Alternative scenario
The breakdown and the consolidation of the price below the level of 0.9865 will let the pair go down to the levels of 0.9745–0.9670.
On the 4-hour chart, the fifth wave v of 1 develops as a diagonal triangle. Now the fifth wave of the lower level (v) of v is developing, within which the wave b of (v) is ending. If the assumption is correct, the pair will grow to the levels of 1.0070–1.0115. The level of 0.9865 is critical and stop loss for this scenario.
Main scenario
Long positions will become relevant during the correction, above the level of 0.9865 with the targets at 1.0070–1.0115. Implementation period: 5–7 days.
Alternative scenario
The breakdown and the consolidation of the price below the level of 0.9865 will let the pair go down to the levels of 0.9745–0.9670.
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