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

Materials published on this page are provided by LiteForex for informational purposes only and should not be construed as investment advice or advice for the purposes of 2004/39/EC Directive. In addition, these materials have not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the further distribution of investment research.

Follow us in social networks!
Live Chat
Leave feedback