GBPCHF Follow the I Wave
I wave in motion.
Past I wave
If we look back the pair were in consolidation for months from June 2020 to Jan 2021.
A subsequent break witnessed a significant I wave , where price moved vertically ( 17 days) from 1.21 to 1.29.
Present I wave
The pair have been in consolidation since Dec 21. In June 22 the consolidation has been broken. Same time frame of 7 months.
If the I wave is of similar magnitude ( to that above) , then we may see price move from 1.20 to 1.12.
If so, this would be a pair of considerable interest.
Past I wave
If we look back the pair were in consolidation for months from June 2020 to Jan 2021.
A subsequent break witnessed a significant I wave , where price moved vertically ( 17 days) from 1.21 to 1.29.
Present I wave
The pair have been in consolidation since Dec 21. In June 22 the consolidation has been broken. Same time frame of 7 months.
If the I wave is of similar magnitude ( to that above) , then we may see price move from 1.20 to 1.12.
If so, this would be a pair of considerable interest.
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