GBP/CHF and USD/CHF

Possible GBP/CHF situation. Wait till in H1-H4 timeframes AO - Awesome oscilator will show red histogram column, then consider GBP short position and possible ABC price corection.

Possible GBP/CHF situation next week. Wait till h1 and h4 timefraome AO Awesome Oscillator will show red histogram column and then consider GBP short position. Possible ABC proce corection after 5 wave end.

By the way Bill Williams AO oscilator is good for EW counting. I put example how I count EW on Bill Williams AO:

USDCHF seems again heading towards 0.9010-15, important resistance zone, breaking which chances are higher that the pair immediately tests 0.9055-60 resistance zone. However, RSI isn't supporting the upwards trend and signals the repetition of past reversal from 0.9010. On the downside, multiple support lies near 0.8985, 0.8975 and 0.8960.

On the daily chart, the price is going up inside a bullish channel. We are expecting to have a trendy bias if it gets out of the channel.

On the daily TF, the price is working upward inside a bullish channel. We are expecting a drop if the lower channel line is broken below.

1.5330 on the GBPCHF came under some pressure around lunchtime but held so I've taken a long just above and 'paid' for the stop with a 50% reduction in the hope it will resume its upwards bias and the 1.5450 area. If it holds great, if not the 'new' trade is defended.

a close at the NY cut above 1.5372 would add credance to potentially another leg up to the high boundary.

Spike up on GDP set up a good profit taking opportunity around 1.5380 and a little book squaring ahead of this evening's FED funds speech.

Where are those fake 'real' traders who trade without stoplosses.I dare you to trade without stoploss again.With EuroChf falling 3000+ pips r.i.p to your forex accounts.i wish swissy rally got you naked with no SL . lol .it would be a lesson well learnt

Down very soon imo

hmm 4th wave failure

The buy on GBPCHF is holding good with about 130 pips in profit. Let's see if the trend lasts for another day or two.

GBPCHF, anyone else ?

Given the pair successfully manages to clear the 1.4185 trend-line, it can extend the recent upward trajectory towards 1.4315, adjacent to 61.8% FE of its April month upside.

GBPCHF, LONG

EXECUTED

GBP looking strong across the board. Pending buy order.

sell