Get started
HayatoDragonFX

GBPCHF, 4hr tf, upwards movement expected

Long
British Pound / Swiss Franc (FX:GBPCHF)  
HayatoDragonFX  
FX:GBPCHF   British Pound / Swiss Franc
Support and Resistance Wedge Elliott Wave GBPCHF gbpchflong gbpchfbuy Falling Wedge Triangle Wave elliottwaveprojection priceaction priceactiontrading
3
0
supportandresistance wedgepattern elliottwaves gbpchf gbpchflong gbpchfbuy fallingwedge trianglewave elliottwaveprojection priceaction priceactiontrading
We could see price rotate upwards after broken above the recent patterns.

To me it looks like falling wedge just like USDCHF pairs.
For a fan of elliott wave it is a triangle wave-4.

We will see price rotate towards 1.3200 area to complete wave-5.

Buy GBPCHF 1.2690
Stop loss 1.2570
Take profit 1.3200 (4.25R)

Use only 1-2% risk
Good luck
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.