USDCHF | Wave analysis of the ticker

On the 18th of every couple or three months I try to update the Swiss franc in the public domain (https://t.me/eightyninewaves/3448). The last time I wrote on March 18 it would continue to strengthen against the dollar. So far, so good.

But I do not have any particular interesting trading ideas about the franc. For example, I am waiting for the end of the ending diagonal “5”, and then there will be an entry point into the long of the pair aiming to the wave (B). But to do that the Swiss currency needs to get stronger again below 0.88 area.

#USDCHF. Diagonal trade. I’m skipping the trade due to low p/l, well, it’s up to you to decide.

Few people are interested in the forex pairs at the moment and they should be, they are about to start a big trend there. For example the trend of the franc strengthening against the dollar, which I predicted earlier, see the update of December 18 (https://t.me/eightyninewaves/3258).

The power of Wave Analysis is in predicting trends in advance and being able to abandon the speculations in the markets where no trends are coming. And if you’ve been waiting for a sign from above to open a forex account, this is it.

I haven’t updated the global picture since the summer, high degrees (https://t.me/eightyninewaves/2962). There I advised to short the pair (buy francs) on a breakdown of the green channel downwards. And now, finally, this is the first signal for the strengthening of the pair into the area of 0.7, which is 30% below the current levels.

It is a good trend against the buck, so we have to try not to miss it. Here I will update the 4-hour chart once or twice a month, and in the PREMIUM we will watch the hour’s TF 2-3 times a week.

Shorting the franc is largely due to the lack of trading ideas, I would not go into such a setup if I found something more understandable, but… The hypothesis with the diagonal “1” was put forward a month earlier: https://t.me/eightyninewaves/3051. And now, according to this plan, a second pair of so-called “initial waves” has formed, which you can try to trade.

On the breakdown of both green levels, I have additional sell-stop orders, and sell-limits are on red fibs. The total risk for the entire pyramid (taking into account the previous entries) is within 1%-1,5% of the capital.

Exactly two months ago, I showed you a short long-term scenario for the dollar/franc pair (https://t.me/eightyninewaves/2962). Since then, the franc has strengthened by the size of the stop, which means it is necessary to close part of the position in profit and wait for a further downtrend for the pair.

I’m still not sure that the dollar (its index) has turned to a basket of currencies. Trading against the dollar – trading against the long-term main trend. The probability of success is below average, so do not overdo it with volumes. If we’re lucky, we’ll earn a lot even without big volumes – the dollar can fall much.

The slow strengthening of the Swiss franc, announced a month earlier, continues (https://t.me/eightyninewaves/2921). Slowly building up a short position on the pair. The current trend allows forecasting up to 2 US dollars per 1 franc over a 5-year horizon. And now this trend is probably in the very initial phase. This is consistent with the calculation where the euro goes to 1.6.

As an alternative, which is consistent with the latest assumptions on the dollar index, I am considering the option of weakening the franc in the area of ​​1.5-2 dollars under the influence of significant socio-economic problems in the wave (B). Where Switzerland will abandon its neutral status and join one of the blocs formed at that time towards the end of the trend in the national currency.

#CHF #USDCHF TF: 1W, 4H To summarize, I don’t have an unequivocal answer to where the pair will go for you, but I personally prefer to work here from the short.

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#89WAVES

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#CHF #USDCHF TF: 1W, 4H

Today I decided to start shorting the franc, because my strategy gave an entry point with a p/l ratio of about 6. The volumes are small to begin with, you need to wait for an initial impulse in the downward direction of a significant size.

Powell said yesterday: There is a real possibility that globalization will reverse to some extent. He proclaimed deglobalization as if he were not Powell at all. Translated into human, among other things, this means that the role and value of regional currencies will increase in the falling global trade.

P.S. The only embarrassing thing is that the eternally neutrals began to buy patriots, and NATO is not far away. This is unlikely to benefit the national economy…

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#89WAVES

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#CHF #USDCHF TF: 4H

The empire of the US dollar is coming to an end – more and more countries are beginning to pay among themselves for local currencies. These changes in global trade together with a terrible by American standards and ever-increasing inflation will soon make the dollar a piece of paper hated by everyone. But at the moment of hatred for the dollar, it will be necessary to invest in it, and not against it.

I recommend right now to shift from the US dollar to the regional currencies of the first world countries: the yen, the franc, the yuan, the euro, the pound. In particular, the franc will soon, already this year, be ready for the start of a powerful strengthening into the area of ​​0.7 or even lower. Together with the euro, which will go to 1.6. Look the charts.

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#CHF #USDCHF TF: 1W, 1D, 4H

I continue to be in the long, I even managed to build it up recently with a stop at the orange level (https://t.me/eightyninewaves/2568). On Monday, it is also not too late to decide about the long of the pair. As they say, we’ll take a look.

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#CHF #USDCHF TF: 4H

And although the hypothesis with the uptrend has not been confirmed yet, the deal according to the trading plan a month ago worked out (https://t.me/eightyninewaves/2526) and has already been moved to breakeven.

I do not plan to build up my long position, I have to wait for the upward breakdown of the green level, where the uptrend for the pair will be confirmed. In the meantime, everything is intricate…

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#CHF #USDCHF TF: 4H

I decided to close a part of the short one month ago, in a small plus (https://t.me/eightyninewaves/2440). Now I am deeply thinking about how to set a long position for a pair. Initials in the ascending direction look quite promising.

I do not have a confident understanding yet in which direction to trade on this pair, but in both directions there are interesting setups with understandable levels of confirmation and cancellation, so I recommend to act according to the situation in the coming month.

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#CHF #USDCHF TF: 4H

A month ago I wrote that I was waiting for the completion of the wave (b) by a gray count to make a decision on the pair short (https://t.me/eightyninewaves/2396). And little by little, the price approached exactly this place.

The set of initials in the upward direction looks as taut as possible, so I am more inclined to movement to the 0.84-0.86 area in the coming month.

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#CHF #USDCHF TF: 4H

I still can’t select the priority scenario for the instrument (https://t.me/eightyninewaves/2272). If I will trade it in August-September, then it will be locally with stops on the cancellation of one or another option on small degrees.

Globally, I am waiting for the pair up, but the distant stop (red level) does not allow me to take a position on this hypothesis.

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#CHF #USDCHF TF: 4H

Two months ago we worked perfectly in a short of the pair within the open resources of the project, a month ago we got a long with a stop at the orange level (https://t.me/eightyninewaves/2272) and now it’s time to exit all positions on a pair. At least partially.

In the current situation, I cannot say for sure in which direction the price will go. Both options are possible and equally likely. There will be news and setups – I’ll write to the premium.

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#CHF #USDCHF TF: 4H

And, perhaps, we turn into a long of the pair with a small stop. So far, everything is going according to the plan and now you can take a long with a stop-loss in the place where 4 will enter the area 1 (https://t.me/eightyninewaves/2220).

As for the likelihood of the scenario being realized, I am more inclined to a downward trend with the continuation of the diagonal than with the beginning of the global growth of the dollar, so at the first opportunity I will move the long to breakeven and possibly even look for the next short to the 0.865 area.

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#CHF #USDCHF TF: 4H

While everything is unchanged, the options from the last update remain relevant (https://t.me/eightyninewaves/2141). As for the local history, I suppose the development of the zigzag (a)-(b)-(c) of [v] or [a]-[b]-[c] of 4 . In both cases, wave (a) or [a] is set or almost set, it will be possible to try to take a short in correction (b) or [b] with an eye to (c) or [c].

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#CHF #USDCHF TF: 2H

I thought that if I share, then share everything (https://t.me/eightyninewaves/2020). Previously, on the 18th of every month, I updated the Swiss franc here when it was interesting to at least someone. See how accurately you can predict the ending year-long diagonal using the Elliott Wave Principle. And to collect a filigree way out of it. I think this is great.

As for trading, now it is reasonable to close part of the longs, withdraw profit – the wave [v] may start according to an alternative scenario.

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#CHF #USDCHF TF: 1D

A month ago, I assumed that the ending diagonal C would soon be completed, and it probably could have ended (look update from December, 18 in my telegram channel). In any case, the market has already met the minimum requirements for this. I start to take a long slowly with minimal lots.

In general, I’m not sure about the completion of the dollar weakening. And that’s to say the least. Therefore, do not be surprised if this diagonal turns out to be not the ending, but the initial one, and the market further falls down. In one word, this is the most unlikely idea, but my TS allows to trade it accurately and not exceed the risks.

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#CHF #USDCHF TF: 4H

Timeframe: 4H

The markup a month ago worked perfectly (look update from November, 18 in my telegram channel). Now we will see if the exit from the ending diagonal C will take place upwards. The fact is that the dollar’s collapse is not going to stop, apparently. And this is contrary to this markup.

In any case, I have closed all short positions in the pair. I’m just watching now, waiting for new setups.

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