GBP/CHF - wait for long confirmation
GBP/CHF price has broken out of down trend channel two weeks ago and has shown healthy price growth since this time. Expect correction down to at least 1.313 or 1.307, if 1.313 and short term trend line doesn't break down --> open long, if this line breaks down wait for confirmation at major support area before entering long position. MACD and RSI is on higher time frames (1D and more) already in correction but in lower time frames is more up movement possible which could stop the down correction in higher time frames.
Good luck to all and have a nice & successful week.
Good luck to all and have a nice & successful week.
Trade active
Trade closed manually:
closed manually at March 19 after break down from up trend channel
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
