GBP/CHF Possible Path (Updated)
This is exactly the same situation as the EUR/CHF idea and so I will not be setting a BUY order. I will wait and see what happens. I'm pretty sure the trend lines are correct. The mini Elliott Wave patterns look good and all the indicators and moving averages are all showing positive signs that buying the pullback at the bottom of wave B is the correct trade. Obviously the bottom could be further down, likewise for the EUR/CHF trade but time will tell.
Note
Price has pulled back to the 15SMA and stopped. This looks like the bottom of wave B. I am not trading this move but will of course watch to see if tomorrow is the beginning of a wave C move up.
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