GBPCHF Update
This is an update for my previous idea: tradingview.com/v/HVGEZCex/
We got a reaction lower as expected, but because of bad timing and lack of time for trading,
I only got 70 pips of that trade. I guess that's better than a loss...
In my previous idea, I suggested that we were on the verge of completing a
11 swings correction for wave B.
After making a high at 1.543, we got an overlapping double zig-zag correction;
this indicates that there is more upside left in this pair.
My best count suggests that we are in wave B of a flat (look below for chart).
We could see new highs above 1.5470 to complete the flat wave B.
STOP LOSS: this count would be invalided if wave 4 overlaps with wave 2,
but personally, I don't think we are going much lower than 1.50.
We could get another three legs lower to complete wave Z (for a triple zig-zag
correction) but I deem it unlikely.
TARGETS: the next obvious big figure is 1.5500. Equal legs (A=C) comes in at 1.5620.
Follow all my demo trades at myfxbook.com/members/tlkemmy/demo/854232
Disclaimer: traderwgun.com/?page_id=26
Twitter: twitter.com/atliveanner
Tradingview: tradingview.com/u/traderWgun/
Mail: traderwgun1gmail.com
Good luck!
We got a reaction lower as expected, but because of bad timing and lack of time for trading,
I only got 70 pips of that trade. I guess that's better than a loss...
In my previous idea, I suggested that we were on the verge of completing a
11 swings correction for wave B.
After making a high at 1.543, we got an overlapping double zig-zag correction;
this indicates that there is more upside left in this pair.
My best count suggests that we are in wave B of a flat (look below for chart).
We could see new highs above 1.5470 to complete the flat wave B.
STOP LOSS: this count would be invalided if wave 4 overlaps with wave 2,
but personally, I don't think we are going much lower than 1.50.
We could get another three legs lower to complete wave Z (for a triple zig-zag
correction) but I deem it unlikely.
TARGETS: the next obvious big figure is 1.5500. Equal legs (A=C) comes in at 1.5620.
Follow all my demo trades at myfxbook.com/members/tlkemmy/demo/854232
Disclaimer: traderwgun.com/?page_id=26
Twitter: twitter.com/atliveanner
Tradingview: tradingview.com/u/traderWgun/
Mail: traderwgun1gmail.com
Good luck!
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