{"id":124594,"date":"2018-04-04T11:27:24","date_gmt":"2018-04-04T15:27:24","guid":{"rendered":"http:\/\/countingpips.com\/?p=124594"},"modified":"2018-06-01T15:40:56","modified_gmt":"2018-06-01T15:40:56","slug":"gbp-chf-bearish-sequence-double-three-within-a-rising-channel","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/04\/gbp-chf-bearish-sequence-double-three-within-a-rising-channel\/","title":{"rendered":"GBP\/CHF \u2013 Bearish Sequence \u2013 Double Three within a Rising Channel"},"content":{"rendered":"
April 4, 2018<\/div>
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By Orbex Blog<\/a><\/strong><\/p>\n

GBP\/CHF has been trading within a Complex Corrective Structure following Brexit and the Flash Crash. The Structure has been labeled as a Double Three and it is unfolding within a Rising Channel.<\/p>\n

GBP\/CHF is sitting at some important technical levels and points of interest, in other words, price action would vibrate inside this area.<\/p>\n

If this view would turn out to be correct, this would lead GBP\/CHF to possibly drop about 2300 pips, as the current structure is suggesting that Primary W (purple) (Flash Crash low) could be retested aggressively.<\/p>\n

GBP\/CHF \u2013 Daily Chart<\/strong><\/p>\n

\"eliottWave<\/p>\n

Technical Analysis and points of interest:<\/strong><\/p>

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  • Brexit and Flash Crash Vibrations Levels approaching \u2013 50% Fibonacci Retracements of Weekly Bearish Impulses<\/li>\n
  • Upper trend-line of the Rising Channel has been tested along side a new local high<\/li>\n
  • Complex Correction of Intermediate Degree (orange (WXY)) most likely about to complete<\/li>\n
  • Leading Diagonal in Minor A (blue) indicates that Minor C (blue) would complete Intermediate (Y) (orange) in an impulsive manner (5 swings sequence)<\/li>\n
  • Bearish Divergence scenario in view, and appearing at the possible end of Minor C (blue)<\/li>\n
  • 100% Fibonacci Extensions of Intermediates (W) & (X) (orange) projecting Intermediate (Y) (orange).<\/li>\n
  • 8% Fibonacci Extensions of Minors A & B (blue) projecting Minor C (blue)<\/li>\n
  • 8% Fibonacci Extensions of Minutes III & IV (blue) projecting Minute IV (blue)<\/li>\n<\/ul>\n

    \u00a0<\/strong><\/p>\n

    GBP\/CHF \u2013 4H Chart<\/strong><\/p>\n

    \"Eliottwave3\"<\/p>\n

    Level in focus:<\/strong><\/p>\n

      \n
    • Aggressive approach \u2013 1.3530 or Market<\/li>\n
    • Moderate \u2013 1.3600<\/li>\n
    • Conservative \u2013 1.3650<\/li>\n<\/ul>\n

       <\/p>\n

      Many pips ahead!<\/p>\n

       <\/p>\n","protected":false},"excerpt":{"rendered":"

      By Orbex Blog GBP\/CHF has been trading within a Complex Corrective Structure following Brexit and the Flash Crash. The Structure has been labeled as a Double Three and it is unfolding within a Rising Channel. GBP\/CHF is sitting at some important technical levels and points of interest, in other words, price action would vibrate inside […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-124594","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/124594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=124594"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/124594\/revisions"}],"predecessor-version":[{"id":124600,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/124594\/revisions\/124600"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=124594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=124594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=124594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}