Usdchfprediction
USDCHFCurrent Trend Downside (Sell)
TG1 = 0.88923
TG2 = 0.88776
TG3 = 0.88536
STL= 0.89300
If Trends Breaks (Buy)
TG1 = 0.89208
TG2 = 0.89398
TG3 = 0.89689
STL = 0.89850
VERY GOOD BUY TRADE IN USDCHF
We have a very beautiful opportunity to encash; This Trade has an exceptional Risk:Reward ratio; This is WAVE 3 Dream Wave of Every Trader.
USDCHF COMPLETE ANALYSIS AS PER THE WAVE THEORY
We have a downward 5 Wave Impulse complete; this is a WAVE 1 and now there is a Correction forming;
This Correction has Wave A comeplete and Wave B is forming; we need to verify the Wave A and B in the Lower Degree;
So here We have explained Wave As subdividions Wave A is a 5 Wave upward Impulse Wave B is a Triangle and Wave C is a Ending Diagonal;
Here we have Wave B forming now in the downward direction; Wave A is a Leading diagonal Wave B is a Zigzag and now Wave C is forming
So here the WAVE B ends and now we wil encash the WAVE C which will be an Upward Wave;
Here Wave 3 is a Zigzag (Zigzag is also an Impulse) hence
In Wave B we have a Wave A which is a downward Leading Diagonal; Wave B is a upward Zigzag; We see Wave B has retraced Wave A by 93.93%, hence as per the rule of Flat Wave C has to be a downward Impulse;
So then Wave B retraces Wave A 38.2% hence from here starts the WAVE C which will be an Upward Impulse
We have 2 Trades here One is a SHort Trade and then where we have the Target of the SHort trade we have a Buy Trade from there;
Long Trade
USDCHF multi time frame analysisHello Trader, Here is the full analysis of USDCHF:
1) Monthly - No significant price action found.
2) Daily - Forming big red candles which shows weakness in the prices.
2) 4Hourly - Currently testing the buy zone/support level and is in between 0 and 0.23 fib level(which is not an important level) .
3) Current retracement level is at 0.5 which is good level for prices to move up
Action
marubozu candles are formed on the daily chart which shows a weakness in the prices. If the support is broken with a marubozu candle then we can see a downfall below support. Wait for these levels to look for entry opportunity .
Technical Indicators:
Moving Averages - Strong Sell
Technical Indicators - Strong Sell
Moving Averages Crossovers - Strong Sell
COT data(Commitment of traders):
JUNE 06/02/2020
USD - Long(17877) Short(9619)
CHF - Long(13364) Short(4375)
JUNE 05/26/2020
USD - Long(21039) Short(6240)
CHF - Long(13246) Short(4507)
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