GBPCHF - sell idea
Updated
Quite an interesting setup. I identified a running flat, that is likely supporting the further downside for this pair.
A regular entry is with the sell stop order below the wave B. Although, a more risky entry is at current prices with the SL above the nearest high.
trade safe, mind your risks.
A regular entry is with the sell stop order below the wave B. Although, a more risky entry is at current prices with the SL above the nearest high.
trade safe, mind your risks.
Trade active
Adding
Note
78.6% is the last line of defense
Note
after a large ABC flat -> an impulsive move down - followed be a lower frame irregular flat, 3-35 structure. Note
As an option, also valid - a bearish triangle
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