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British Pound / Swiss Franc
Long

GBP/CHF Long!

By minthooka
Updated
Pound Franc looking long for a quick 300. These pound pairs have a lot of volaility lately. Formed a higher low and a higher high. Looking at a potential elliot wave. RR ratio almost is great. If it breaks below the previous low then this will be invalid making me have a tight stop loss. Looking for wave 3 to go 1.6% of wave 1 for tp1 and tp2 will be the final wave. This also shows long term upside. Give me your thoughts. Thanks!
Trade closed: target reached
chfelliottwavecorrectionElliott WavefrancGBPGBPCHFpoundpoundsterling
minthooka

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