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GBP/USD: general analysis 26 February 2020, 13:50

GBP/USD: general analysis 26 February 2020, 13:50 Scenario Timeframe Intraday Recommendation BUY Entry Point 1.2940 ...

Feb 14, 2020

USD/CHF: wave analysis 14 February 2020, 08:20


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 0.9799
Take Profit 0.9550, 0.9500
Stop Loss 0.9867
Key Levels 0.9500, 0.9550, 0.9867, 1.0022, 1.0145
Alternative scenario
Recommendation BUY STOP
Entry Point 0.9870
Take Profit 1.0022, 1.0145
Stop Loss 0.9810
Key Levels 0.9500, 0.9550, 0.9867, 1.0022, 1.0145
The pair may fall.
On the daily chart, the third wave of the higher level 3 develops, within which the wave i of 3 is forming. Now, a local correction is ending as the fourth wave (iv) of i. If the assumption is correct, after the end of the correction, the pair will fall to the levels of 0.9550–0.9500. In this scenario, critical stop loss level is 0.9867.


Main scenario
Short positions will become relevant below the level of 0.9867 with the targets at 0.9550–0.9500. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 0.9867 will let the pair grow to the levels of 1.0022–1.0145.

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