GBPUSD is an awesome buying oppertunity

FX:GBPCHF   British Pound / Swiss Franc
Apologies for the mistakes in the title. Please ignore this idea, check out my previous idea about GBPCHF            
your direction is right . but you stopped out before you catch the hudge move
HamzaLeith tntsunrise
True, that is the problem with EW...you never know how deep the corrections are! That is why I use median lines to sort of try to make an educated guess about where these corrections are going to be. In the case of GBP pairs: it hardly corrected! I had no buying signal :(
tntsunrise HamzaLeith
Yeah. agree. I think the fibonacci ratio will give us some hint right?
+1 Reply
HamzaLeith tntsunrise
yes, I am trying to incorporate fib extensions as much as I can, usually they are very powerful deciding where waves 3 and 5 end. However they become less suitable with the corrections unfortunately!
Guys this idea is not so solid!, I will go long according to my previous idea!. Apologies for the confusion
itaskar HamzaLeith
no prob, more forks=harder decision :) I like this classic channel here, price is under median, so possible move down(or sideaway), my alarm is set near the lower trendline
HamzaLeith itaskar
Yes you are absolutely right!, that gray pitchfork is nonsense!. I like your setup alot!, That downwards targets comes right at that green upper quartile of the green pitchfork!. From there we could indeed easily initiate wave 5!. Did you publish an idea about it?
+1 Reply
itaskar HamzaLeith
no may, its up to you :) but I think there is still time till monday/tuesday.
+1 Reply
a bit confused because the name of your idea :)
HamzaLeith itaskar
Yes sorry for that. 2 mistakes in one sentence :P. I was looking at GBPUSD when I wrote it. GBPUSD should go down and then back up
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