FX:GBPCHF   British Pound/Swiss Franc
1396 24 93
The GBPCHF             made a bigger correction than I expected.
The view on this is still a sell since we broke the up trend and have made a nice corrective up move .
For those of you who follow me and understand the method I use, this one is an easy trade.
If you don't understand the setup please ignore the trade.

I will be following up with updates so to get instant notification when i post please follow me .



YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: https://www.facebook.com/ProwaveTrader
Training : add to skype mangal457
RCP
a year ago
Very nice Anil!
+1 Reply
anilmangal TOP RCP
a year ago
Thank you Avto
+4 Reply
Thank you anil! Everything looks clear here... Keep up the great work! :)
+1 Reply
Jumped on this one too :)
GBPCHF Good Opportunity to short with good SL
+2 Reply
anilmangal TOP KevinSinghDhaliwal
a year ago
nice
+3 Reply
KVE PRO
a year ago
Also in, small lot size, was hoping to add some at a slightly better level...
Good luck to all!
+1 Reply
albertos
a year ago
Perfect chart thanks Anil
Reply
Cazzie
a year ago
The market may still go up Anil - 1.5145 before the fall.
Reply
anilmangal TOP Cazzie
a year ago
Possible ,but I am a long term trader so I am still short in this one
+5 Reply
ChetanFX
a year ago
There may be another move up to 61.8%
Reply
It looks like we have just finished wave 4 of an impulse. This looks like a Zig Zag W then a triangle X and another Zig Zag Y. I have used reverse fibonacci on wave 4 for the 2 targets. Move above 1.5142 invalidates this count as 4 would move into the territory of 1 which is against Elliott Wave rules. This makes a nice risk / reward.



snapshot
Reply
anilmangal TOP AnandYRaja
a year ago
Nice, but not how i count it .
+2 Reply
Cazzie
a year ago
Did you have a EURCHF chart Anil ? It's getting ready for a hugh fall on Daily, 240 & 60. Maybe Monday it will oblige.
+1 Reply
anilmangal TOP Cazzie
a year ago
will post over the weekend
+4 Reply
Andrey.Ustinov
a year ago
Agree with, like you chart, but think can go a bit higher before drop
snapshot
Reply
Andrey.Ustinov Andrey.Ustinov
a year ago
kind of that
snapshot
+1 Reply
anilmangal TOP Andrey.Ustinov
a year ago
possible
+3 Reply
BenATP
a year ago
https://s3.amazonaws.com/tradingview/d/DRrlHgE4_171_121.png
Reply
breaking out!!!
snapshot
+2 Reply
IvanLabrie TOP anilmangal
a year ago
Thanks for the shout out. :p
Reply
anilmangal TOP IvanLabrie
a year ago
I am in since day ago, and up very nicely !!
+3 Reply
IvanLabrie TOP anilmangal
a year ago
I still get a potential higher target before it goes down, same in gbpusd.

snapshot


snapshot
Reply
gjenti PRO anilmangal
a year ago
selling it at 1.4970 :)
Reply
gjenti PRO
a year ago

Three Black Crows Timeframe: 15 Minutes

Reliability: High

A reversal pattern.

During an uptrend, three long black candles occur with consecutively lower closes. This pattern suggests that the market has been at a high price for too long, and investors are beginning to compensate for it. More significant if it appears after a mature advance.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out