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Nov 10, 2014 2:33 PM

GBP/CHF Possible Bullish WW completion Long

British Pound/Swiss FrancFXCM

Description

5th Wave bounced off the buy line perfectly, price fell into a support area on the Daily, bullish looking candle and setup on the 4hr. Only just saw this and missed entry. Hopefully retest local support at 153.15-ish or I might just jump in a little earlier.

EUR/CHF near the 1.20, I'd expect the SNB to make some effort to defend it

Potentially targets line connecting 1&4, close to 161.8%...1.5540
Half off at 154.50
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