GBP/CHF - Staying patient, waiting for price action
Option 1. GREEN
Price has been moving to the downside for some time and I am looking ideally to take a buy position at the lower trend line. Price could just move correctively and then push up, form a flag from which I would then be taking a position on the 1HTF.
Option 2. ORANGE
Price could retrace from here, form a bull flag which I would take to the upside.
Option 3. RED
Due to the current trend if we break through the lower trend line impulsively I will then look to take the first flag to the downside. If it breaks through this level there is a very clear route for price to take all the way back down to 1.11163
Price has been moving to the downside for some time and I am looking ideally to take a buy position at the lower trend line. Price could just move correctively and then push up, form a flag from which I would then be taking a position on the 1HTF.
Option 2. ORANGE
Price could retrace from here, form a bull flag which I would take to the upside.
Option 3. RED
Due to the current trend if we break through the lower trend line impulsively I will then look to take the first flag to the downside. If it breaks through this level there is a very clear route for price to take all the way back down to 1.11163
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.
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.