GBP/CHF Elliott Wave Analysis 📈
Hey traders! Here’s my current analysis on GBP/CHF, highlighting a bullish outlook based on Elliott Wave theory. We’ve observed a clear impulse formation up to point (3), followed by a corrective phase that appears to have ended at point (4).
Looking at the potential upcoming movement, I’m targeting the following Fibonacci extension levels for taking profits:
- The 1.000 extension at 1.15993.
I believe this could represent the start of wave (5), which traditionally completes the impulse cycle. If this analysis holds, we should see a strong upward trend towards this target.
Please ensure to use sound risk management strategies. Consider setting your stop losses below the recent low at point (4) to protect your position from any unexpected downturns.
Stay tuned for further updates, and let's catch these pips! 🚀
Looking at the potential upcoming movement, I’m targeting the following Fibonacci extension levels for taking profits:
- The 1.000 extension at 1.15993.
I believe this could represent the start of wave (5), which traditionally completes the impulse cycle. If this analysis holds, we should see a strong upward trend towards this target.
Please ensure to use sound risk management strategies. Consider setting your stop losses below the recent low at point (4) to protect your position from any unexpected downturns.
Stay tuned for further updates, and let's catch these pips! 🚀
Trade active
✅ Forex Signals: t.me/+prIBChd_gkc4M2E0
✅ Gold Signals: t.me/+EpYg4-Q8LJY2ZTM0
✅ Index Signals: t.me/+kc2yg1vyd0I5YzQ0
✅ Trading News: t.me/+1VcTr7oQBOljMTA0
✅ Gold Signals: t.me/+EpYg4-Q8LJY2ZTM0
✅ Index Signals: t.me/+kc2yg1vyd0I5YzQ0
✅ Trading News: t.me/+1VcTr7oQBOljMTA0