A growth is nearing the end.

Assumingly, the formation of an upward impulse within wave (c) of y of B is nearing the end. Locally, the fifth wave of the junior level v of (c) seems to be developing. If the assumption is correct, when the fifth wave finishes, it is logical to expect a decline in the pair. A critical for this scenario is the level of 1.0118.

Trading tips

Sell the pair after the breakdown and consolidation below the level of 1.0118 with the target at 0.9800.

Alternative scenario

The breakout and consolidation above the level of 1.0200 would allow the pair to continue growing to 1.0270.

USD/CHF: wave analysis

USD/CHF: wave analysis




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