therisingosprey

Corrective structure on the GBPCHF

Long
therisingosprey Updated   
FX:GBPCHF   British Pound / Swiss Franc
4
Wait for the structure to be finished and break out. There might be a buy setup after a short consolidation. Don´t place the targets too high because there is another resistance level on the daily chart. If the structure does not come as expected, do not buy!
Comment:
There might appear a corrective structure after the initial up trend. That would be a setup for a short term buy opportunity.
Comment:
Breakout is done. Waiting for a short flag now.
Comment:
The buy setup is completed now.
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