Wave-Trader
Short

GBPCHF One more bearish wave before longer term rise

OANDA:GBPCHF   British Pound / Swiss Franc
Hi there,

In last GBPCHF post we were looking for longer term reversal on GBPCHF . But the price action we have seen so far is telling us GBPCHF is not ready for longer term reversal. So that means we still can see one more bearish wave before we start look for longer term buy on GBPCHF .

How you can trade on this chart.

1. Watch 15 minutes correction and look for sell

OR

2. Watch for the price to test the top again and look for sell from top.

It is trying to get sharp for downside. If you have traded on Our GBPCAD chart then you know what kind of setup we are having on GBPCHF . If not then please have a look under this chart for GBPCAD trade setup .

In case price clearly close above the previous high then it will change the bearish setup then we will look for longer term buy.

Good Luck.

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this chart suggest me bullishness continuation... but what do I know? :-)
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mikiz511 black888
@black888, you were right ... i just lost some capital holding a sell from this bs call
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that sounds like a bet against a Brexit deal closing... mmmm
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great analysis
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may be this engulfing candle on this time if close on this condition then we can take the sell trade
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cjsun791 aftabahmad4343
Wavetrader,
Appreciate all the hours you put into our group on a weekly basis. impressed
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