GBP/CHF end of 5th wave?

Scott Barkley ProAct Traders

Bullish: Currently we are @ 1.2399 at what appears to be the end of the 5th wave. We are looking for a break and a continuation to the day chart trend wall @ 1.2499. The average daily true range (ATR) for the pair currently is 83 pips but its 180-day ATR is 102 pips a day.

Author

Scott Barkley

ProAct Traders

Scott Barkley is the President of ProAct Traders LLC located in Round Rock, Texas. Scott graduated from the institute For Latin American Studies in Cuernavaca, Mexico.

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