Short GBP is also in line with my current GBP/NZD short (allthough CHF has been quite weak the past week).
Feel free to comment or criticize my wave count, I am here to learn and will appreciate any input!!
Even if my wave cunt is wrong this doesn't affect the structures and patterns on the chart.
For those who like to have more certainty: sell the breakout of the "up" for a lower risk trade!
A possible long may eventually be the result, if the lower triangle holds.
I am not yet putting in orders for this but will keep it in mind since it could be the start of a possible big up move to come. If it breaks to the downside I will sell into it.
If my SL on the current short is hit I will be looking to go long with a possible pattern in mind (not shown in the chart) with the A-B / W-X from this chart as my AB-leg and the C/Z from this chart as my C-point of the possible pattern.