Sunday, March 23, 2014

I expect GbpChf Bullish Run to Coninue

After raking about 100 pips from trading the bullish gartley harmonic pattern I earlier mentioned. The pattern is still intact, though undergoing a minor retracement due to the formation of a pin bar.

I still maintain a bullish bias looking at the 4H chart below, the 4th Elliot wave could end @ 1.4555 to resume a fresh bullish move (wave 5) to 1.4690-1.4700       (confluence of strong resistance and 50%-61.8% retracement of the bearish run which started on 5th march)

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