FutureMeDead
Long

$GBPCHF Correction Due

FX:GBPCHF   British Pound/Swiss Franc
The rise from 1.4139 is impulsive (5 waves). This implies the trend is up. However, after 5 waves a correction is due. Ideal entry zone is between the 38.2% and 61.8% Fibonacci retracement levels. Areas in blue are real support. Wave count invalidation is all the way down at 1.4139. This analysis is being made to supplement the Technician's 4th Trade and provide Elliott Wave perspective.
cal.vad0s
a year ago
Excellent!! Please keep up the good work!!!
+1 Reply
Nice chart.
+1 Reply
snapshot
Hi I was looking at this sort of setup. I am long from 1.4537 with stop at 1.45 looking to add more.
Reply
FutureMeDead AnandYRaja
a year ago
Hi anandinhio. The IHS is very valid and I am looking at something very similar. I do not like the leading-D post wave II. The fifth wave is slightly truncated and I only trade patterns that are perfect. This doesn't mean it won't go up. I prefer your alt, where we are working in wave B of II. Good luck.
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