USDCHF Analysis

Hello and welcome everyone this is my point of view for “USDCHF”.
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• Classical POV:As we can see on 4H frame we can see sideways as well as broken resistance and prices are sitting on it right now
  
  
• Elliott Waves :We supposedly finished wave 4 as right now C out of 4 is on 61.8% out of wave A so it satisfy the requirements but it can get extended to 100% and 123.6% as well so we have we have to wait for price action or breaking the resistance to confirm that 4 is now finished and go for 5th wave of wave 3.
  
  
• Support and resistances:the prices are sitting on a strong support zone that are the upper celling for the sideways
  
  
• We’re waiting for confirmation but more likely it’s going to be for buying and prices will rise. But let’s wait for confirmation for the end of wave 4.
  

评论:

From my point of view right now is the best time to Buy as now it's confirmed that it finished wave 4 because it's so close to overlap with wave 1 so it's the best to buy right now