OANDA:USDCHF   Dolar U.S./Franc Swiss
The price can fall.

On the 4-hour chart the upward correction is developing as a wave (2) of the higher level, within which the wave C of (2) is forming. At the moment the downward correction of the lower level as a wave ii of C is developing, within which the “bearish” momentum is forming as a wave (c) of ii. If the assumption is correct, the pair will fall to the levels of 0.9801–0.9778. The level of 0.9903 is critical for this scenario.

Main scenario

Short positions will become relevant during the correction, below the level of 0.9903 with the targets at 0.9801–0.9778.

Alternative scenario

The breakout and the consolidation of the price above the level of 0.9903 will let the pair grow to the level of 0.9977.

Trade

Scenario

Timeframe Intraday
Recommendation SELL
Entry Point 0.9820
Take Profit 0.9801, 0.9778
Stop Loss 0.9840
Key Levels 0.9778, 0.9801, 0.9903, 0.9977

Alternative scenario

Recommendation BUY STOP
Entry Point 0.9910
Take Profit 0.9977
Stop Loss 0.9860
Key Levels 0.9778, 0.9801, 0.9903, 0.9977
More analytic from LiteForex:
English https://www.liteforex.com/trading/forex-analysis/?uid=880952068&cid=12118
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