Yahia.Awes
Long

Are you sure you want to escape?

FX_IDC:GBPCHF   POUND STERLING / SWISS FRANC
133 3 9
I'm not so sure about the escape of the downtrendline on this pair. Because i see it trading in a narrow range at the channel border. That is not a bullish sign if you ask me.

BUT why should we ignore the rounded bottom? It offers at least 300 pips untill resistance is met again. I'm looking for a long at opening, with a TP at 1.49. From there I will see what to do, personally I expect a drop to form a cup with handle here.
Yahia.Awes
a year ago
500 pips, not bad :)
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Yahia.Awes
a year ago
Now make the handle!
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Yahia.Awes
a year ago
So this is the perfect cup with handle? Let's see if it really works out!
snapshot
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