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USD/CHF: Murrey analysis 18 March 2019, 13:48

USD/CHF: Murrey analysis 18 March 2019, 13:48 Scenario Timeframe Intraday Recommendation SELL Entry Point 1.0000 Tak...

Mar 14, 2019

USD/CHF: wave analysis 14 March 2019, 08:35

Timeframe Weekly
Recommendation BUY
Entry Point 1.0046
Take Profit 1.0300
Stop Loss 0.9923
Key Levels 0.9709, 0.9876, 0.9923, 1.0300
Alternative scenario
Recommendation SELL STOP
Entry Point 0.9915
Take Profit 0.9876, 0.9709
Stop Loss 0.9945
Key Levels 0.9709, 0.9876, 0.9923, 1.0300
The pair may grow.
On the 4-hour chart, the third wave of the higher level (3) develops, within which the correctional wave ii of 1 of (3) ended. Now the first wave of the lower level (i) of iii of 1 has formed, and a local correction has developed as the wave (ii) of iii. If the assumption is correct, the pair will grow to the level of 1.0300. In this scenario, critical stop loss level is 0.9923.

Main scenario
Long positions will become relevant during the correction, above the level of 0.9923 with the target at 1.0300. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 0.9923 will let the pair go down to the levels of 0.9876–0.9709.

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