Gbpchf has created a gartley pattern today, the point d is at 78.6% of the leg XA and so I think that there are good chances for a stong rebound of the price, in addition the price seems to break the rectangle in a bearish direction but I suppose it is a FAKEOUT because volumes are decreasing and the full leg cd has stopped right at 61.8% of the bullish leg developped form the first days of september. Pay attention to brexit news, I think UK will keep on negotiating with UE and NO DEAL brexit is unlikely, if a sort of agreement will be found the sterling will shine.
Stop if daily candle closes below 1.1745.
Have a nice trading!
Stop if daily candle closes below 1.1745.
Have a nice trading!