Buy based on Fibonacci levels
MACD changes to green and we have a potential retracement of price back to the 61.8 and 78.6 level.
Potential problems in this trade is that it is a counter trend trade as the overall direction of GBPCHF is long bias.
We expect trades like this to fail several times but the overall risk reward ratio of this play is an overall gain. On average, we would take our profits at above 1:7, as we are guided by price going below the base line of the Ichimoku chart
Potential problems in this trade is that it is a counter trend trade as the overall direction of GBPCHF is long bias.
We expect trades like this to fail several times but the overall risk reward ratio of this play is an overall gain. On average, we would take our profits at above 1:7, as we are guided by price going below the base line of the Ichimoku chart
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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.