The pair USD/CHF is still likely to fall
Estimated pivot point is at a level of 0.9758
Main scenario: short positions will be relevant from corrections below the level of 0.9758 with a target of 0.9600 – 0.9525.
Alternative scenario:breakout and consolidation above the level of 0.9758 will allow the pair to continue the rise up to the levels of 0.9850 – 0.9900.
Analysis: Supposedly, an ascending impetus finished forming as the first wave of senior level 1 of (3) within the daily time frame. A downward correction is developing on H4 time frame in the form of the wave 2 of (3), with the wave a of 2 forming inside. Apparently, the fifth wave of junior level (v) of c is forming on the H1 time frame. If the presumption is correct, the pair will continue to drop to the levels 0.9600 – 0.9525. The level 0.9758 is critical in this scenario.
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Price chart of USDCHF in real time mode
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