GBP/CHF has been trading within the Cycle V (black), with its last Bearish Swing approaching.

Within Cycle V (black), Primary 3 (red) has bottomed in Oct 2016 and since then GBP/CHF has been trading in a Corrective Structure for Primary 4 (red).

Primary 4 (red) unfolded as a Simple Flat Strucure its Intermediate ABC (orange) Sub-Waves, which is expected to end at July 2016 Resistance.
Within Primary 4 (red), Intermediate (A) (orange) is showing a 3 Waves Sequence and Intermediate (B) (orange) did not pass the start of Intermediate (A), which leads us to say
that Intermediate (C) (orange) would most likely end its Bullish Swing at or around the 1.3300 Levels.

Intermediate (C) (orange) is unfolding with a Zig-Zag in its Minor ABC (light blue), in which Minor B (light blue) unfolded with an Expanded Flat Structure and Minor C (light blue)
is unfolding with 5 Waves Sequence on the up-side.

Minor C (light blue) has shown an Extension in Minute iii (pink) and now retracing towards completing Minute iv (pink).
We are expecting another push on the up-side for Minute v (pink), which would end the entire Corrective Structure and Cycle for Primary 4 (red).
At the end of Minor C (light blue) we will be looking for a Bearish Divergence Confirmation.

* Note that we will be looking closely at the 1.26000 Levels.
Should Price Action reach those Levels prematurely and then show a Bearish Breach, we will be looking for Shorts after a Flag Confirmation.

Primary 4 (red) Ending Expectations:

– July 2016 Resistance and Top of Intermediate (4) (blue) of Primary 3 (red).
– 50-61.8% Fibonacci Retracements Levels of Primary 3 (red).
– 100% Fibonacci Extensions of Intermediates (A) & (B) (orange).
– 200% Fibonacci Extensions of Minors A & B (light blue).

GBP/CHF – Bearish Primary 5 (red) – Long Term SELL Position:

Entry Level – 1.33000
SL – 1.35000 or 1.36000
TP – 1.19000 & 1.10000

* Safety Measures:
– When in the green, move SL to break-even or in profit.
– If Conservative, only enter on Bearish Divergence Confirmation.
– If premature Breach of 1.25800 Levels, look for Flag Confirmation before Shorting.

Many pips ahead!