USD/CHF Wave Analysis/Forecast: 02.03 - 09.03
Mayzus | Mar 05, 2018 05:41AM ET
The pair is under correction with probability of growth
Estimated pivot point is at a level of 0.9324.
Main scenario: long positions will be relevant from corrections above the level of 0.9324 with a target of 0.9510 – 0.9612.
Alternative scenario: Breakout and consolidation below the level of 0.0.9324 will allow the pair to continue declining to a level of 0.9186.
Analysis: Supposedly, the first wave of senior level 1 of (3) finished developing within the 4-hour time frame. Apparently, an ascending correction is forming now as the wave 2 of (3), with the wave a of 2 forming within. If the presumption is correct, the pair will continue to rise to the levels 0.9510 – 0.9612. The level 0.9324 is critical in this scenario.
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