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Main scenario: Consider short trades from corrections below the level of 0.9161 with a target of 0.8325 – 0.8050.
Alternative scenario: Breaking and holding above level 0.9161 will allow the pair to continue rising to levels 0.9451 – 0.9838.
analysis: A bearish fifth wave of larger degree (5) is supposed to unfold on the daily time frame. As part of it, wave 1 of (5) is formed, the upward correction is completed with the appearance of the second wave 2 of (5), and the third wave 3 of (5) unfolds. The correction was completed with the appearance of the second wave of 3 on the H4 time frame, and the third wave of 3 began to appear. Apparently, wave i of (i) of iii is formed, local correction ii of (i) of iii is completed, and wave iii of (i) of iii is unfolding on the H1 time frame. If this assumption is correct, then… USDCHF The pair will continue to fall to 0.8325 – 0.8050. The 0.9161 level is crucial in this scenario. Breaking it will allow the pair to continue rising to the levels of 0.9451 – 0.9838.
USDCHF price chart in real time mode
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