A fall is expected.

Assumingly, an upward correction in the form of a double three wxy within wave B of 2 of the senior level has finished. Locally, a starting wave of the junior level i seems to have finished and if the assumption is correct, the pair continues falling towards 0.9500 within wave C of 2 after correction in wave ii ends. A critical for this scenario is the level of 0.9960.

Trading tips

Sell the pair below the level of 0.9960 with the target at 0.9500.

Alternative scenario

The breakout and consolidation above the level of 0.9960 would allow the pair to grow within wave B to the level of 1.0000.

USD/CHF: wave analysis

USD/CHF: wave analysis




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