GBPCHF: A very aggressive long trade into a weekly/monthly trend

FX:GBPCHF   British Pound / Swiss Franc
215 18
I entered a long here.
Price is sitting at a weekly mode since the lowest low.
There's a daily downtrend signal that expired yesterday, and it seems like GBPUSD is ready for a move up.
It's interesting how the monthly mode has supported price here, while the daily was in a downtrend, with strong up bars in between, and the weekly showing us no new low in 5 weeks next week.
Good luck,
Choppy advance, not something I want to trade right now.
Got out and looking to rebuy on a retracement.

Got out of my long for now, I don't see Carney's speech sending the price vertically up.
Ok, the corrective downtrend seems to have ended. I'm in with a buy stop at 1.43334, stop under the lows. Aiming for 1.52 at the very least.
+2 Reply
moorekapital IvanLabrie
I think we had almost same price for our entry:
See image....
IvanLabrie moorekapital
Great! Looks like a winner.
+1 Reply
moorekapital moorekapital
Pound dollar has also been fantastic!
I hope to ride this to the heavens.
See Image:
IvanLabrie moorekapital
The data releases today will surely pay off.
It's interesting how usdjpy and chfjpy have fallen on no news and in an apparently bullish /complacent environment... As a sidenote.
Hi Ivan did you mean GBP CHF instead of GBP USD in the description?
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