I am strongly convinced that big weekly correction has just finished and we should have resumption of long term trend now,
There is still possibility for one more up within this structure when price will reach lower trend line however as we we are on current wave it is good idea to sell. You can look for entry on lower time frame for even much better RR.
Good luck !
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I expect reversal very soon..
Bullish momentum is dying.
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Keep falling.
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Trade closed manually
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I have change view and therefore closed manually trade.
Cross-market analysis leads me to conclusion all CHF pairs will go up first
Possibility this whole move was a long corrective wave 4 seeking 1.618 up from it's first swing.
However, there is now a LT DTL break (long term downtrend-line).
In any case, I agree- there should be a good sell soon.
(Some of the other GBP pairs are approaching wave up 5 completion and should be ready to sell too...)
now
what do you thinking gbpchf?