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British Pound / Swiss Franc
Short

GBPCHF breakout?

By AlexxChan
Updated
The overall trend of GBPCHF is bearish at the moment. After seeing a retracement back up to 1.1427 and failing to create a higher, a strong push by the bears indicate that the downwards momentum will continue. With a break of an upper limit and small break of the lower limit trend line, I expect a retracement up before down lower.
Comment
Daily time frame analysis: I expect the 4th wave to be finish, and that it will now continue making its 5th wave
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Trade active
Trade closed: target reached
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Wow! Prices came 3 pips to my stop loss! Lesson to be learned haha
alexchananalysisEURUSDForexGBPCHFpriceactionsignalsTrend Linestrendtrading
AlexxChan

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