CHFGPY has completed first impulse wave which is labeled A. The correction wave likely has terminated already at 0.618 fib retracement of A wave, which labeled B and has zigzag pattern. Also, sub wave c of B is equal 0.618fib subwave a of B. That could be fibonacci confluence. Now price is tending to move up.
Recommend:
Go long
Stop loss at starting of A wave or termination of B wave
Target where C equal A.
Recommend:
Go long
Stop loss at starting of A wave or termination of B wave
Target where C equal A.
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.