Recently, the USD/CHF has been trading upwards. The price tested the level of 0.9930. According to the H1 time – frame, I found a potential end of the fifth wave (Wolfe wave pattern), which is a sign that selling looks risky and that buying is preferable. My advice is to watch for potential buying opportunities on the pullback. The projected upward targets are set at the price of 0.9980 and at the price of 1.000.
Resistance levels:
R1: 0.9934
R2: 0.9945
R3: 0.9956
Support levels:
S1: 0.9912
S2: 0.9900
S3: 0.9890
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Recently, the USD/CHF has been trading upwards. The price tested the level of 0.9930. According to the H1 time – frame, I found a potential end of the fifth wave (Wolfe wave pattern), which is a sign that selling looks risky and that buying is preferable. My advice is to watch for potential buying opportunities on the pullback. The projected upward targets are set at the price of 0.9980 and at the price of 1.000.
Resistance levels:
R1: 0.9934
R2: 0.9945
R3: 0.9956
Support levels:
S1: 0.9912
S2: 0.9900
S3: 0.9890
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
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