Get started
ThePhoenicx

GBPCHF Trade Idea Novenmber 8, 2021

Long
British Pound / Swiss Franc (OANDA:GBPCHF)  
ThePhoenicx  
OANDA:GBPCHF   British Pound / Swiss Franc
Trend Analysis institutionaltrading smartmoneyconcepts orderblocks Bearish Patterns Bullish Patterns GBPCHF liquidity reversalpattern
3
0
trendanalysis institutionaltrading smartmoneyconcepts orderblocks bearish bullish gbpchf liquidity reversalpattern
The long term trend on this pair is bearish but we're currently seeing reversal signals. Liquidity has been taken below and above the ranging area. But wih the reverals indications, a counter trend trade is possible, yet I'd not set my TP too far up, as price may not return to the order block that caused the previous break of structure as yet.

Remeber there will be news on GBP pairs tomorrow. So be mindful of the news when placing trades.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.