GBPCHF: Potential Structure Trade 🇬🇧🇨🇭
Hey traders,
GBPCHF is trading in a bearish trend since April.
Setting a new structure low in August, the price retraced.
For the last two weeks, we see a sharp bullish rally.
Yesterday the price reached 1.28 key daily structure resistance.
A trend-following move may initiate from that.
To catch it, on focus is a rising channel on 12H chart.
Wait for its bearish breakout (candle close below its support) & then sell aggressively or on a retest
with your safe stop lying above the highs of the channel.
Next support will be 1.261
In case of a bullish breakout of the underlined red structure,
further bullish continuation will be expected.
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Note
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.