GBPCHF- 3rd wave

Currently we are @ 1.2989 in a 3rd wave. We are looking to continue to the 0.786 Fibo @ 1.2870 and then bounce. We could bounce at the minor support @ 1.2944. The overall target is 1.2763-91 area. The average daily true range (ATR) for the pair currently is 96 pips.