USD/CHF: wave analysis
06 June 2019, 09:46
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 0.9937 |
| Take Profit | 1.0241, 1.0400 |
| Stop Loss | 0.9815 |
| Key Levels | 0.9715, 0.9815, 1.0241, 1.0400 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 0.9810 |
| Take Profit | 0.9715 |
| Stop Loss | 0.9845 |
| Key Levels | 0.9715, 0.9815, 1.0241, 1.0400 |
The pair may grow.
On the 4-hour chart, the first wave i of 3 formed, and the local correction ii of 3 ended. Now, the wave (c) of ii of the lower level has formed as a momentum. If the assumption is correct, the pair will grow to the levels of 1.0241–1.0400. In this scenario, critical stop loss level is 0.9815.
Main scenario
Long positions will become relevant during the correction, above the level of 0.9815 with the targets at 1.0241–1.0400. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 0.9815 will let the pair go down to the level of 0.9715.
On the 4-hour chart, the first wave i of 3 formed, and the local correction ii of 3 ended. Now, the wave (c) of ii of the lower level has formed as a momentum. If the assumption is correct, the pair will grow to the levels of 1.0241–1.0400. In this scenario, critical stop loss level is 0.9815.
Main scenario
Long positions will become relevant during the correction, above the level of 0.9815 with the targets at 1.0241–1.0400. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 0.9815 will let the pair go down to the level of 0.9715.
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