Scott Barkley
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Scott Barkley in Proact Traders,

December Pay Your Mortgage Trade Setup Idea

This month's ProAct Traders “Pay Your Mortgage Trade” idea is found in the GBPCHF pair.

 

I see that we are just finishing a 4th corrective wave and anticipating the 5th wave to the downside. We already have a head and shoulder reversal pattern in place and there is divergence on the 60-min chart. The size of the range (1.2832- 1.2092) is 740 pips. There is also a square up below the lower target that could add an additional 92 pips to the total. 

 

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