USD/CHF is going through correction; the probability of growth remains. Estimated pivot point is at the level of 0.9797.
Main scenario: “long positions” are relevant from corrections above the level of 0.9797 with the target of 1.0010 – 1.0122.
Alternative scenario: breakout and consolidation below the level of 0.9797 will allow the pair to continue to decline to 0.9656 – 0.9556.
Analysis: within the daily timeframe, the development of the upward correction of the senior level as wave (2) has presumably completed and wave (3) has begun forming. On the 4-hour timeframe, the first wave 1 of (3) is being…
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