GBP/CHF could be in the third wave of an impulse wave, it also could be wave C of a correction wave which still can make for a lot of pips. It saw resistance on 7/13 from an extended support trendline that was hit on 11/16/16, 1/17/17, and 3/14/17 and has been downtrending since.It has a support level to break around 1.2260 which was right near the previous two lows. Im waiting for ADX to start uptrending before entering short.
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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.