Simplified wave analysis EUR/ CHF for the week of January 16 888011000 110888 Large scale graphics:At the end of the drop because the beginning of September in 2015, a bullish wave pattern has been formed, which has a reversal capacity. The wave has the wrong appearance of its structure. From the end of October, the middle part of the wave (B) is formed. Medium scale graphics: From December 11, a bullish correction(B)has actually formed within thebearish wave of the TF H4. It has the shape of a moving plane. Today, there are all indications of completion of the model. Little scale graphics: The rate decrease that began on January 11 generated a bearish wave of a larger scale. More so, the decrease will continue after conclusionof the rollback up.Forecast and suggestions: The approaching cost decrease will be short-lived. Making the most of this can just come from the advocates of trade intraday. Longer investments will be possible after the completion of the entire present decrease. Resistance zones:-1.1290/ 1.1340 Support locations: -1.1180/ 1.1130 Explanations to the figures: The simplified wave analysis utilizes waves including 3 parts( A– B– C ). For analysis, 3 consecutive charts are utilized. Each of them examines the last, insufficient wave. Zones show calculated locations with the greatest probability of turnaround. The arrows suggest the wave marking by the technique used by the author. The strong background shows the formed structure, the dotted- the anticipated movement.Note: The wave algorithm does not take into consideration the duration of tool movements with time. To perform a trade deal, you require verification signals from the trading systems you use.The material has been provided by InstaForex Company-

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