Wave-Trader

GBPCHF Dont miss this fall

Short
Wave-Trader Updated   
FX:GBPCHF   British Pound / Swiss Franc
Hi there as you know we are longer term bearish on GBPCHF. Every time when it comes close to the top we are sell on GBPCHF. We are having very nice fall from the top. If you have seen my last week market outlook then you should be in from top. Dont worry if you are not in from top. Watch for Trend continuation pattern and look for breakout. Currently Trend Continuation pattern is developing it can form couple of more candles before we see next wave to the downside. Give it some time and than watch for the breakout. In case if we dont see bearish continuation and price get back to top then again look for sell. Remember there is no longer term buy setup on GBPCHF. Trade with care and use only that much risk which you can afford to lose. Dont Trade with that money which you cant afford to lose. Every Single trade is not a winning trade so use risk according to that.
Comment:
So far it is moving amazingly. Watch breakdown. In case price do not breakdown then watch for top to sell it again. You should not sell at current price because it can change the pattern formation if so you will get trapped over there. if you are following on this pairs since this post then you should be in from top. Here is the update.
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