justatrader
Long

GBPCHF - Double Bottom

FX:GBPCHF   British Pound / Swiss Franc
384 6 1
1. Double Bottom formation, targeting 1.546 levels.
2. Price in an uptrend
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Buy when MACD crosses above 0-line. Previous and current stop levels shown on chart.
I'm taking a buy at today's high. As long as previous stops aren't taken out there's still some meat left in this one.
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I wonder how this is going to play out under current situations. If the Ukraine issue starts to get more serious, I think GBPCHF (along with other CHF pairs) will be looking for a drop.
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I went long again. It looks like a buy setup to me on H4. SL: 1.4772, TP: 1.48888.
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Would be best to wait for today's close. Noticed MACD is still fluctuating. But overall the bias is to the upside. Although since the double bottom is not yet confirmed (breakout above the previous high), play it safe.
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ForceFollower justatrader
Honestly: I was stopped out at BE. If it finds support at 1.48 though, it may go up again. We'll see.
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Yep, I'm still long here.
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