SOLID ECN LLC
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USDCHF - A fall is possible.
On the daily chart, the downward fifth wave of the higher level 5 develops, within which the first wave (1) of 5 forms. Now, the first wave of the lower level 1 of (1) has formed and a local correction is developing as the second wave 2 of (1).
If the assumption is correct, after the end of the correction, the USDCHF pair will fall to the area of 0.8916 – 0.8730. In this scenario, critical stop loss level is 0.9889.
On the daily chart, the downward fifth wave of the higher level 5 develops, within which the first wave (1) of 5 forms. Now, the first wave of the lower level 1 of (1) has formed and a local correction is developing as the second wave 2 of (1).
If the assumption is correct, after the end of the correction, the USDCHF pair will fall to the area of 0.8916 – 0.8730. In this scenario, critical stop loss level is 0.9889.