GBPCHF: A very aggressive long trade into a weekly/monthly trend
I entered a long here.
Price is sitting at a weekly mode since the lowest low.
There's a daily downtrend signal that expired yesterday, and it seems like GBPUSD is ready for a move up.
It's interesting how the monthly mode has supported price here, while the daily was in a downtrend, with strong up bars in between, and the weekly showing us no new low in 5 weeks next week.
Good luck,
Ivan.
Price is sitting at a weekly mode since the lowest low.
There's a daily downtrend signal that expired yesterday, and it seems like GBPUSD is ready for a move up.
It's interesting how the monthly mode has supported price here, while the daily was in a downtrend, with strong up bars in between, and the weekly showing us no new low in 5 weeks next week.
Good luck,
Ivan.
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🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
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.