GBPCHF Breakout from consolidation zone! Long!

Hy traders!

GBPCHF was trading in a range for quite a long time and finally could make it to push trough. Please also notice the fakeout I marked in the charts, which should be a very bullish indicator. The daily 50EMA break adds additional confluence for a great long play with a huge RRR.

You can decide by yourself if you want to buy the breakout, wait for the candle close, or patiently wait for a lower Risk Pullback entry on a lower timeframe.

As always, be careful and good luck!

Comment, like and engage. I am happy to answer any questions!

Comment:

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DISCLAIMER (read it please):
Never ever consider a trade without an education and always use a STOP LOSS to protect your account at all costs! Never ever use a mental STOP LOSS! You should also have a strict money management system in place, which allows you to trade with only a 1% Risk for each trade you take! If you are a beginner, you should trade with only 10USD Risk maximum and continue until you have gained the skills and proved yourself to be profitable over a longer period of time!!!

Trade active:

Be ready to consider a position @ #GBPCHF on the 5min trendline break. Price touched the 0.5Fib level and price could reverse from here. Be careful though and always use a SL!