GBP/CHF Presently in corrective move and expected to move down
Yo Traders,
GC is presently back in the channel and is in a corrective move towards the upside. On marking the FiB level you can see the 61.8% level is the support level.
I am expecting the price to move up anywhere in between the 50% and 61.8% levels and then break through the corrective structure to move down again.
I will be short once it breaks through the corrective structure.
Thanks
Madtradex
GC is presently back in the channel and is in a corrective move towards the upside. On marking the FiB level you can see the 61.8% level is the support level.
I am expecting the price to move up anywhere in between the 50% and 61.8% levels and then break through the corrective structure to move down again.
I will be short once it breaks through the corrective structure.
Thanks
Madtradex
Yorum:
Price moved perfectly upto the support level touching the Fib levels