GBPCHF POTENTIAL LONG OPPORTUNITY
GBPCHF POTENTIAL LONG
1D Chart:
*in the previous day buyers had showed us very strong interest in this pair
*GBPCHF attemted to make a new low but was a fakeout caused by the buyers with STRONG momentum, showing strong INTEREST
*wait for a weak pull back down into structure around 1.2600 area for more precise and better entry
-remember we never just want to chase trades!
4H Chart:
*on this timeframe we had seen a very strong push to the upside breaching structure
*look for an inside return on this chart, make sure the sellers are weaker then the buyers
-this will show us that the buyers are in control, which is what we want if we are looking to go long :)
Remember to ALWAYS have a trading plan and a disciplined approach when coming into the markets. Having a plan and staying true to that plan is key. Make sure every trade is a strategic business decision and is in high probability for your favor. Make sure to always use proper risk as well never risking more than 2% of capital per trade !
Keep and eye out for a weak re-test if we get one and continued interest by buyer on the re-test of recent significant structure!
Cheers!
1D Chart:
*in the previous day buyers had showed us very strong interest in this pair
*GBPCHF attemted to make a new low but was a fakeout caused by the buyers with STRONG momentum, showing strong INTEREST
*wait for a weak pull back down into structure around 1.2600 area for more precise and better entry
-remember we never just want to chase trades!
4H Chart:
*on this timeframe we had seen a very strong push to the upside breaching structure
*look for an inside return on this chart, make sure the sellers are weaker then the buyers
-this will show us that the buyers are in control, which is what we want if we are looking to go long :)
Remember to ALWAYS have a trading plan and a disciplined approach when coming into the markets. Having a plan and staying true to that plan is key. Make sure every trade is a strategic business decision and is in high probability for your favor. Make sure to always use proper risk as well never risking more than 2% of capital per trade !
Keep and eye out for a weak re-test if we get one and continued interest by buyer on the re-test of recent significant structure!
Cheers!
Trade closed: target reached:
Target was reached on this pair! If you look at it on the first re-test the buyer wasn't performing as strong as he needed too for us to have a bullet proof trade. That is why we closed 50% of positions and moved SL to break even. After closing 100+ pips profit the trade hit SL at break even. THEN buyer pulled back price very strong showing us his true interest again.
Then the trade ran right to the target! Very good trade! Cheers!
Then the trade ran right to the target! Very good trade! Cheers!