Ichimoku MTF Analysis
Pair: GBPCHF
Weekly : Side-way
Daily: Bullish
H4: Side-way (Corrective to up trend)
Outlook: On weekly TF, pair still below Kumo but above Kijun. On daily TF, after making strong impulsive wave, Pair making retracement before testing previous high at Wave B. On H4 TF, pair is within Kumo and pair moving in down trend channel (blue) making like flag pattern.
Trading Plan: Enter long trade as pair touched the support channel line (H4) or wait for correction in finish (H4) before entering long trade.
Pair: GBPCHF
Weekly : Side-way
Daily: Bullish
H4: Side-way (Corrective to up trend)
Outlook: On weekly TF, pair still below Kumo but above Kijun. On daily TF, after making strong impulsive wave, Pair making retracement before testing previous high at Wave B. On H4 TF, pair is within Kumo and pair moving in down trend channel (blue) making like flag pattern.
Trading Plan: Enter long trade as pair touched the support channel line (H4) or wait for correction in finish (H4) before entering long trade.
Comment:
Cypher Pattern??? Let's see.
