traderWgun
Long

A long with potential

FX:GBPCHF   British Pound/Swiss Franc
209 1 5
My previous gbpchf             idea
Buying the next low


The market is in a bullish complex correction.
EW rules states that wave XX             can't be longer that wave Y
in price.
In other words, the market needs to take out 1.43680
to confirm that a top is in place.

We put in a hammer on friday and completed a bullish bat ,
so at least we should see a bounce higher.
If the market takes out 1.4975 (wave X) that would confirm
that wave XX             is in place and we can look higher towards
1.53 target.

Follow all my demo trades at http://www.myfxbook.com/members/tlkemmy/demo/854232
Good luck.
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