soheil.salarimanesh

Potential Bearish movement on GBPCHF

Kort
FX:GBPCHF   Brittiska pund/Schweiziska franc
Price has been reached a weekly descending trend line with 5 bullish impulsive waves as well as showing divergence. After reaching this resistance zone, price has been reversed and broke the daily (5-wave) structure. Price now is moving inside a descending triangle as wave B of corrective ABC pattern. After finishing its minor five(ABCDE) movement inside the triangle, wave C is Expected which leads to breakout of the descending triangle to the bottom which is also expected as a continuous pattern. We are waiting for the breakout to enter the short position.
Will update the idea in case of breakout to enter the trade.
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