GBP/CHF - up correction trade - buy on 1H
- price in downtrend and ascending triangle
- strong movement on daily chart implements further up movement
- RSI is near strong support trend line
- Stochastic RSI is already heavy over selled and looking for up movement
- price touched down side of bollinger bands
- strong movement on daily chart implements further up movement
- RSI is near strong support trend line
- Stochastic RSI is already heavy over selled and looking for up movement
- price touched down side of bollinger bands
Order cancelled:
price broke out of ascending triangle - market has to be re analyzed
Comment:
price moved exactly like analyzed after fakeout
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
