GBPCHF: Is about to reverse soon...

Hey Traders, GBPCHF is about to reverse soon

For us, bigger structure is completed and GBPCHF and market has to go up for an impulsive wave or to complete a bigger corrective structure, in all the cases we are expecting an up wave for at least 700 pips and it might go further up to break previous structures if this is the start of the next big up trend.

Wait for your buy setups before you jump in. This trade is a medium to long term trade for us.

If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment.

What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals...


DO NOT FORGET OUR 4 GOLDEN RULES:

1) Do not over-risk
2) Do not over-trade
3) Do not trade without stop loss
4) Never ever add to losing position


Trade with care
We Trade Waves Team

Comment:

If you are in manage your trades, another leg down is very possible to break previous low and up again.

P.S. We will not sell it, we will just manage our buy positions for now.

Comment:

Take partial profits, we might get a new low but nothing confirmed for now. 2 choices, take profits or move your stops into profits and let market unfold...