GBP/CHF – 2000 Pips Fall – SELL Orders – March 2019

GBP/CHF – 2000 Pips Fall – SELL Orders
Entry / Stop Loss & Take Profit levels.
Market: FX Crosses – GBP/CHF

GBP/CHF is trading within a bearish sequence, and the previously posted “GBP/CHF – Bearish Structure – 2300 Pips SELL Set-up” article should act as a both guideline but also a confirmation for the overall analysis.

A BIG fall of approx. 2000 pips should commence rather soon for the GBP/CHF pair, as the structure is pointing towards a bearish Intermediate degree (C) leg waiting right around the corner.

The five-wave bearish sequence for GBP/CHF should be able to start after the current sharp retracement completes.

It is indeed a demanding chart, but so are they all. It’s a risk worth taken but also calculated.

GBP/CHF – Elliott Wave Analysis

GBP/CHF – Daily Chart (picture)

• Structure:
  – Intermediate degree (A)(B)(C) (blue)
• Sequence:
  – Minor degree ABC (orange) within Intermediate (A) (blue)
  – Minor degree ABC (blue) within Intermediate (B) (blue)
• Expectations:
  – Bearish Intermediate (C) (blue) would begin at or around the Fibonacci levels of the most recent (intraday) drop.
• Technicals in Favor:
  – Expanding Flat corrective structure synchronizing with a rejection at the previously broken Rising Channel’s lower trend-line
  – Bearish Cypher as a Harmonic Pattern honoring the Fibonacci
  – Hidden Divergence from Primary X (purple) peaks, towards Intermediate (B) (blue) lower highs
  – Fibonacci Retracements of Intermediate (A) (blue) pointing towards a rejection materializing
  – Fibonacci Extensions of Minors (A) & (B) (blue) projecting the end of Minor C (blue) at the 150-161.8% levels
  – Ending Diagonal in Minor C (blue) followed by a Breach of the lower contracting trend-line.

GBP/CHF – Daily Interactive Chart

GBP/CHF – SELL Orders – March 2019

GBP/CHF – 4H Chart (picture)

GBP/CHF – SELL Orders

• Aggressive Entry @ Market Price (Approx. 1.3150) with SL @ 1.3400

• Moderate Entry @ 1.3220 with SL @ 1.3500

• Conservative Entry @ 1.3550 with SL @ 1.3915

• TP @ 1.2900 / 1.2500 / 1.2000 / 1.1600 / 1.1330

GBP/CHF – 4H Interactive Chart

Safety Measures:

• Moving SL to break-even when in the green.

Many pips ahead!