justatrader
Long

GBPCHF - Double Bottom

FX:GBPCHF   British Pound/Swiss Franc
362 6 1
1. Double Bottom formation, targeting 1.546 levels.
2. Price in an uptrend
---------------------------

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.
Reply
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.
Reply
I went long again. It looks like a buy setup to me on H4. SL: 1.4772, TP: 1.48888.
Reply
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.
Reply
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.
Reply
Yep, I'm still long here.
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out