GBPCHF – Bearish Primary 5 – Trend Reversal
Updated
GBPCHF Structure developed a Complex Pattern, hence the reason why I think the Correction since Brexit and Flash-Crash is almost complete.
If correct, then I would expect a 1800 pips drop in GBPCHF in order to complete the entire Cycle.
Since Oct 2016 GBPCHF has been trading in a range, more exactly in a Complex Corrective Structure, a Double Three, which is about to end its shelf-life and pave the way to the next Impulse.
*Daily and 4H Charts Analysis, Projections, Wave Counts and Entry Levels available for our Members.
If correct, then I would expect a 1800 pips drop in GBPCHF in order to complete the entire Cycle.
Since Oct 2016 GBPCHF has been trading in a range, more exactly in a Complex Corrective Structure, a Double Three, which is about to end its shelf-life and pave the way to the next Impulse.
*Daily and 4H Charts Analysis, Projections, Wave Counts and Entry Levels available for our Members.
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Wave Count Close-up:On your marks..
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Bears coming out of Hibernation:Note
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Triangle is pointing towards a final rise before the BIG picture:Trade active
Time to SELL:Note
Bearish Impulse should commence:Note
Structure Reviewed! Ending Diagonal in play.SL moved to BE, one more bullish push is possible.
Caution!
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Ending Diagonal in play.Ideally, it would be OK to have a final Bullish Swing.
If that will not occur, then watching the lower trend-line is key for Bearish outlook.
Trade active
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If you snoozed, you lost it :)message me in PM for private Services or Full ideo Course (4.5h)
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Could this be the 3 of 3's ?
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