OANDA:USDCHF   U.S. Dollar / Swiss Franc
57 0
The pair is decreasing.

On the 4-hour chart, the t downward trend is developing within the third wave of the higher level (3). Now the first wave 1 of (3), within which the wave iii of 1 of the lower level is developing, is forming. If the assumption is correct, the pair will fall to the level of 0.9220 and below. The level of 0.9514 is critical for this scenario.

Main scenario

Short positions will become relevant during the correction, below the level of 0.9514 with the targets at 0.9220–0.9120.

Alternative scenario

The breakout and the consolidation of the price above the level of 0.9514 will let the pair grow to the level of 0.9845.



Timeframe Weekly
Recommendation SELL
Entry Point 0.9354
Take Profit 0.9220, 0.9120
Stop Loss 0.9415
Key Levels 0.9120, 0.9220, 0.9514, 0.9845

Alternative scenario

Recommendation BUY STOP
Entry Point 0.9520
Take Profit 0.9845
Stop Loss 0.9415
Key Levels 0.9120, 0.9220, 0.9514, 0.9845
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