OANDA:USDCHF   US-Dollar / Schweizer Franken
54 0 2
The trend is downward.

On the 4-hour chart the downward trend is developing within the first wave 1 of (3) of the higher level. At the moment the third wave of the lower level iii             of 1 is forming as a momentum. If the assumption is correct, the pair will fall to the levels of 0.9220–0.9120. The level of 0.9389 is critical for this scenario.

Main scenario

Short positions will become relevant during the correction, below the level of 0.9389 with the targets at 0.9220–0.9120.

Alternative scenario

The breakout and the consolidation of the price above the level of 0.9389 will let the pair grow to the level of 0.9640.

Trade

Scenario

Timeframe Weekly
Recommendation SELL
Entry Point 0.9321
Take Profit 0.9220, 0.9120
Stop Loss 0.9380
Key Levels 0.9120, 0.9220, 0.9389, 0.9640

Alternative scenario

Recommendation BUY STOP
Entry Point 0.9395
Take Profit 0.9640
Stop Loss 0.9315
Key Levels 0.9120, 0.9220, 0.9389, 0.9640
More analytic from LiteForex:
English https://www.liteforex.com/trading/forex-analysis/?uid=880952068&cid=12118
Malay https://www.liteforex.my/trading/forex-analysis/?uid=880952068&cid=12118
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