USDCHF
D1 - Possible completion of the 5th wave structure, which may lead to the beginning of an upward movement to the levels of 0.88790 - 50% of the impulse at W1.
H4 - A 3-wave structure has been formed, which can lead to further upward movement, targets which can be seen at 0.86708. It is also worth considering fixation behind the trend line, confirmation of the continuation of the ascending structure.
What can you expect?
You can consider entering from these levels ~0.85741 with a target of 0.88790
If you use local movement, cancel if the price breaks the minimum of the 2nd wave - 0.85338. If you are considering a long-term forecast, cancel the idea when the minimum of the 1st wave is broken - 0.85078
Long - local
Target 0.85854 - 0.86115 - 0.86337 - 0.86708
Long
Target 0.86115 - 0.86708 - 0.87908 - 0.88790
D1 - Possible completion of the 5th wave structure, which may lead to the beginning of an upward movement to the levels of 0.88790 - 50% of the impulse at W1.
H4 - A 3-wave structure has been formed, which can lead to further upward movement, targets which can be seen at 0.86708. It is also worth considering fixation behind the trend line, confirmation of the continuation of the ascending structure.
What can you expect?
You can consider entering from these levels ~0.85741 with a target of 0.88790
If you use local movement, cancel if the price breaks the minimum of the 2nd wave - 0.85338. If you are considering a long-term forecast, cancel the idea when the minimum of the 1st wave is broken - 0.85078
Long - local
Target 0.85854 - 0.86115 - 0.86337 - 0.86708
Long
Target 0.86115 - 0.86708 - 0.87908 - 0.88790