Analysis of wave counting:
Yesterday's USD/CHF trades started with the continuation of the upward movement, which was indicated in the evening, and stopped at the end of the day near the highs reached last Friday (1.0040). Thus, it seems that the currency pair confirmed the completion of the 4th wave and the transition to the stage of formation of the 5th wave, in the 3rd, in C. If this is so, and the 4th wave, in the 3rd, in C still will not further complicate its wave structure, then the currency pair may have good prospects for the growth of prices to the level of 1.0100.
Targets for an upward wave option:
1.0080 - 1.0100
Targets for a downward wave option:
0.9900 - 0.9950
General conclusions and trading recommendations:
The construction of the ascending set of waves continues. The increase in prices can continue within the wave 5, in 3 in the composition of C with targets, which are around 101 figures. Within the framework of the correction wave 4, an extended decline in prices may begin in C, with the first targets in the range 0.9900 - 0.9950, after the current wave is completed.
