GBPCHF: The Fake Breakout Tale

Oct 27

This is the daily chart!
It is broken below a main level!
but it might be fake!
Most of the CHF start to change their direction after reaching this level.
GBPCHF will by a great probability.



And this is the chart of latest 3M! a bearish channel is obvious here!
Fluctuations are considerable for this pair!

Two Scenarios are clear in it!
We might break the yellow up,
Or we might react to the green

Oct 31

Trade closed: stop reached