USD/CHF: WAVE ANALYSIS

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USD/CHF: WAVE ANALYSIS
Scenario
TimeframeWeekly
RecommendationSELL
Entry Point0.9092
Take Profit0.8323, 0.8000
Stop Loss0.9220
Key Levels0.8000, 0.8323, 0.9220, 0.9540, 0.9764
Alternative scenario
RecommendationBUY STOP
Entry Point0.9225
Take Profit0.9540, 0.9764
Stop Loss0.9120
Key Levels0.8000, 0.8323, 0.9220, 0.9540, 0.9764

A fall is possible.

On the daily chart, the downward third wave of the higher level 3 develops, within which the wave (1) of 3 formed, and an upward correction ended as the wave (2) of 3. Now, the downward wave (3) of 3 has started. If the assumption is correct, the USD/CHF pair will fall to the area of 0.8323–0.8000. In this scenario, critical stop loss level is 0.9220.

USD/CHF: WAVE ANALYSIS

USD/CHF: WAVE ANALYSIS

Main scenario

Short positions will become relevant below the level of 0.9220 with the targets at 0.8323–0.8000. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price above the level of 0.9220 will let the asset grow to the area of 0.9540–0.9764.


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