GBPCHF Short Trade SetupHello Traders
It looks like 12345 structure is in the making in the C wave of the daily regular flat. If so, the last top should be the end of the 4th wave. That's why I'm waiting for a small correction to place a pending order. I'm planning to hedge my short trade around the 0.618 retracement level.
Trade with care.
Bulent
Forhedging
EURCHF Short Trade SetupHello Traders
If the blue B is a running flat we should get at least one more downward impulse for the completion of the higher degree expanding flat. That's why I'm waiting for a correction to take a short trade. After it brakes the previous low, I'll hedge my trade.
Trade with care.
Bulent