GBPCHF has approached a level that we have been waiting for. Everything is lining up for a really nice long term swing position to push it up more than a 1000pips.
We have the 50 fib, major trendline support, descending correction support.
Trade idea: Watch for a clear bounce and then enter with stops below the major trendline. First target (channel resistance): 300pips Second target (recent highs): 680pips Third target (-0.27 fibonacci target): 1,000pips
Goodluck and trade safe!
Comment
⋅
Hey everyone, I posted an in-depth analysis on CHFJPY where I broke down the analytical stages and explained the various phases. There’s also a breakdown on how to enter! Could be 1,000 pip move!
Learn supply and demand and you'll understand why price really moves at these certain area. I can assure you it's not because it has touched a trend line.
ImSoloInvestor
⋅
@davidbarratt forex is about finding something that works for you than 1 strategy for every one
WicktatorFX
⋅
@Munaharare, well said Munaharare. Finding something that works for you and then sticking to it. Supply and demand works. This strategy also works.