USDCHF
W1 – A protracted downward trend, in which the maximum was rewritten for the first time, which makes it likely that the correction will end and the movement will continue down to the levels of 0.85518. It is worth considering, since the wave was impulsive, this could potentially be the 1st wave for a reversal structure and it will be possible to see targets in the area of 0.88996 (50% correction).
D1 – Formation of a three-wave structure, which can lead to further movement down to the lower border of the trend channel. Locally to the levels 0.87280 – 0.85700.
What can you expect?
You can consider an entry from the level of 0.89850 (you can consider breaking the level, but to be sure, also wait for it to consolidate) with further movement to the target of 0.85700. Cancel the idea so as not to take an increased risk at the level of 0.90950
Targets 0.89350 – 0.88268 – 0.87280 – 0.85700
W1 – A protracted downward trend, in which the maximum was rewritten for the first time, which makes it likely that the correction will end and the movement will continue down to the levels of 0.85518. It is worth considering, since the wave was impulsive, this could potentially be the 1st wave for a reversal structure and it will be possible to see targets in the area of 0.88996 (50% correction).
D1 – Formation of a three-wave structure, which can lead to further movement down to the lower border of the trend channel. Locally to the levels 0.87280 – 0.85700.
What can you expect?
You can consider an entry from the level of 0.89850 (you can consider breaking the level, but to be sure, also wait for it to consolidate) with further movement to the target of 0.85700. Cancel the idea so as not to take an increased risk at the level of 0.90950
Targets 0.89350 – 0.88268 – 0.87280 – 0.85700