Monday, November 23, 2015

All Eyes On GbpChf

In the last update on Gbpchf, (read) we were expecting price to rally in 3-wave to complete an ending diagonal which is meant to be the wave C of a larger degree flat corrective pattern.

It was maintained that
If price is contained below 1.5600 and breaks below the trendline connecting wave 2 and 4 of the diagonal, there will be an opportunity to put a long term sell order to ride to 1.38 and below.
 With a probable completion of the pattern, there is a high likelihood of a long term bearish move especially if price is maintained below 1.56.

A conservative long term trader can look for a bearish opportunity as price breaks below 1.4800 ( i.e the wave2-4 trendline)

An aggressive short term trader may enter earlier at the break of  1.5350 to ride to 1.4950 and below 1.4800.

Get free and high probablity trading signals and analysis forward your the E-mail address and mobile phone number.

To get started;
Send your mail and phone number.

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...