GBPCHF had broke the trendline. its a possible indication that this corrective move to downside is over. for entering long and confirmation of this analysis we need a correction. Note the long term divergence. this analysis is not for a trade setup. this is just one of the scenarios that GBPCHF can develop; we have to wait for more clues and see how the pattern will develop.
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weekly perspective
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for example this is another possible scenario. we can trade every one of these structures but first we have to wait until we understand which one of them is going to go.
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looking for BE trade
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first zigzag is ending; expecting corrective wave X to downside