GBP/CHF 4th wave opportunity
|Bullish: Currently we are @ 1.2583 in a flag continuation pattern. IF we can break the flag resistance here, we are looking for GBPCHF a continuation to the 0.786 Fibo @ 1.2681 which should finish a 4th wave and set up a 5th wave down. Our overall target down is the double bottom @ 1.2400 area. The average daily true range (ATR) for the pair currently is 85 pips.
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