The pair growth possibility remains.

Supposedly, the third wave of the senior-level iii continues to form, within which a new impetus (i) of iii of 3 and a correction (ii) of iii have formed. Locally, most likely a third wave (iii) of iii is developing, within which the pair is expected to grow towards 0.9800. Critical for this scenario is the level of 0.9396, the breakdown of which would allow the pair to continue falling towards 0.9300, but within the correction of a more senior level.

Trading tips

Buy the pair from corrections, above 0.9396, with the target at 0.9840. If the level 0.9396 is broken through, sell the pair with the target at 0.9300.

Alternative scenario

The breakdown and consolidation below the level 0.9396 would allow the pair to continue falling towards 0.9300.

USD/CHF: wave analysis

USD/CHF: wave analysis




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