USD/CHF: Wave analysis and forecast for 07/06/2019 – 14/06/2019

Correction is completed, the pair USD/CHF is likely to continue growing. Estimated pivot point is at a level of 0.9848.

Main scenario: long positions will be relevant from corrections above the level of  0.9848 with a target of 1.0241 – 1.0400.

Alternative scenario: breakout and consolidation below the level of 0.9848 will allow the pair to continue declining to the levels at 0.9715 – 0.9556.

Analysis: Supposedly, the third wave of senior level 3 of (3) continues to form on the D1 time frame. On the H4 time frame, supposedly the first wave i of 3 of (3) has formed as a wedge and a descending correction has supposedly finished developing in the form of the wave ii of 3 of (3). On the H1 time frame, apparently the wave (с) of ii has formed and the wave iii of 3 starts developing at the moment. If the presumption is correct, the pair will logically rise to the  levels 1.0241 – 1.0400. The level 0.9848 is critical in this scenario.