GBPCHF Long based on Elliot and Gann
Entry zone between 1.2575 and 1.25
The entry zone is the 50% Fib extension of AB as well as the end of the corrective wave (C).
144-day Gann cycle causes major turns in trends.
The 2/8th inner harmonic is a natural and powerful pivot and it rests at 1.2505.
Initial target is the combination range of 1.3567 - 1.3637 (61.8% extension of the swing low on Auguest 13th, 2019 to the leg C) as well as the 4.8th inner harmonic at 1.365.
The entry zone is the 50% Fib extension of AB as well as the end of the corrective wave (C).
144-day Gann cycle causes major turns in trends.
The 2/8th inner harmonic is a natural and powerful pivot and it rests at 1.2505.
Initial target is the combination range of 1.3567 - 1.3637 (61.8% extension of the swing low on Auguest 13th, 2019 to the leg C) as well as the 4.8th inner harmonic at 1.365.
Trade active:
Daily support appears to be found against the daily Senkou Span B. In addition to this, there is bullish divergence between the RSI and the CI.
Trade active:
Weekly levels are equally supportive.
Weekly Kijun-Sen is in the buy zone.
Depending on how the weekly candlestick closes, we could get confirmed Hidden Bullish Divergence between the RSI and CI.
Weekly Kijun-Sen is in the buy zone.
Depending on how the weekly candlestick closes, we could get confirmed Hidden Bullish Divergence between the RSI and CI.