GBPCHF, 4hr tf, sell wave-C breakdown
Hello my friends,
Today we are going to sell GBPCHF.
As you can see, i already marked our horizontal support and resistance level.
I also do the Elliott waves analysis and found that we got a nice opportunity to try selling GBPCHF.
We're now on ABC correction in my opinion and we could break wave-C into 5 waves.
Waves-iv now completed and we will soon see price rotate lower to complete wave-v.
We use elliott waves rules where 4th wave can't touch 1st wave area as protectice stop loss.
Sell GBPCHF 1.2000
Stop loss 1.2040
Take profit 1.1880 (3R)
RR Ratio 1 : 3
Use only 1-2% risk
Good luck
Today we are going to sell GBPCHF.
As you can see, i already marked our horizontal support and resistance level.
I also do the Elliott waves analysis and found that we got a nice opportunity to try selling GBPCHF.
We're now on ABC correction in my opinion and we could break wave-C into 5 waves.
Waves-iv now completed and we will soon see price rotate lower to complete wave-v.
We use elliott waves rules where 4th wave can't touch 1st wave area as protectice stop loss.
Sell GBPCHF 1.2000
Stop loss 1.2040
Take profit 1.1880 (3R)
RR Ratio 1 : 3
Use only 1-2% risk
Good luck
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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.
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.