TomProTrader

#GBPCHF-UPDATE: BEARISH FORCE, EXPECTING MOVE INTO LOWS!- #FOREX

FX:GBPCHF   British Pound / Swiss Franc
187 8 19
Traders,

UPDATE: We have had a nice move in the money so far, expecting eventual continuation into the lows to give us our longer term target.

A nice bearish move, we had a bullish pullback into the minor highs, hitting the sideways resistance trend line and hitting the Fibonacci retracement also. We have used the 50MA as resistance, suggesting this is purpose filled agenda move to the lows.

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Best regards,
Tom
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Loving the signals group, thanks, Tom!
+1 Reply
:-)
+1 Reply
Brilliant pick, definitely going down. Thanks again Tom
+1 Reply
TomProTrader JasonStapl
Should roll over and be a good move, enjoy your tuition :-)
+2 Reply
Great job as always, Tom
+1 Reply
TomProTrader moorekapital
Thank you
+2 Reply
Yes, I believe the "wave 3" should be completed before any possible reversal.
+1 Reply
Yes, move needs to expire properly, looks healthy at the moment.
+2 Reply
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