USDCHF: Wave structure at a trend forkUSDCHF: Wave structure at a trend fork
USDCHF Wave Overview (D1 and H4)
As a trader who has been practicing wave analysis for over ten years, I note that the USDCHF pair is currently demonstrating the completion of an extended corrective formation and is poised to form a new impulse.
Chart D1: The global picture indicates that the market is ending a sideways phase. The wave structure appears to be the end of a corrective sequence, which serves as the foundation for the next trend movement.
Chart H4: Local dynamics confirm the formation of key entry points. Here, the first signs of an impulse are visible, which could mark the beginning of a larger wave.
Main Scenario
After the completion of the corrective phase, a downward impulse sequence is expected to develop. This movement will be accompanied by increased seller activity and a gradual shift in priority to the downside.
Alternative Scenario
If the price holds above recent highs and forms a stable upward impulse structure, the priority will shift to continued growth. In this case, the correction will be considered incomplete, and the pair may experience a further rebound.
Trading Idea
Conservative approach: wait for confirmation of a breakout of key levels and enter with the trend.
Aggressive approach: use local impulses on H4 for earlier entries, but with tight stops.
In both cases, it is important to maintain strict risk management and adjust the plan as new impulses emerge.
Results
USDCHF is at the transition point between a correction and a new impulse. The wave structure on D1 and H4 provides clear guidelines for trading: watch for confirmation of the scenario and act with discipline.
