hirobo
Long

Reduced SELL momentum on MACD

FX:GBPCHF   British Pound/Swiss Franc
33 6 1
Down trend showing a reduced Selling momentum (Red arrow) while an increased in Buying momentum (Green arrow). Expand the MACD graph for better visibility. Next target entry at 0.786 with price action, riding on the third wave.
I've spotted a potential cypher pattern on this pair. this is based on my lack of experience using wave structure and harmonic.
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ZaliQifty ZaliQifty
snapshot
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TBH I'm not getting a clear bullish signal until that trendline is broken and has held. I'm bullish on GJ, GA, GC so in theory GBPCHF should follow.... only using buy stops on this pair, the others were pending or market orders
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hirobo ColossusFX
Hi ColossusFX, thanks for your guidance! I will study more on GJ, GA and GC correlation with GCHF. You are great! Btw, are you able to post using white background, it is more friendly on printing hard copy. =)
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snapshot

its still so bearish, this is what I have set up
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hirobo ColossusFX
Thanks for sharing your setup. I will learn from you.
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