GBPCHF Short Trade Setup
Hello Traders
We have a WXYXZ corrective structure. The last top hit the upper line, 1.618 extensions of Y, 0.886 retracements of A, and got a reaction. Now, I'm waiting for a complete correction after the reversal impulse. Then I'll wait for a smaller trade setup to sell it. If it makes a new high, I'll take a short trade after a new reversal structure.
Trade with care.
Bulent
We have a WXYXZ corrective structure. The last top hit the upper line, 1.618 extensions of Y, 0.886 retracements of A, and got a reaction. Now, I'm waiting for a complete correction after the reversal impulse. Then I'll wait for a smaller trade setup to sell it. If it makes a new high, I'll take a short trade after a new reversal structure.
Trade with care.
Bulent
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.