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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