GBPCHF is within the daily channel and it broke the 4 hour channel to the downside. In addition it did a correction to 61.80% of Fibonacci. If it breaks the current correction structure, it will be a strong short opportunity.
If it does not break to the bottom i am not interested in a long trade yet. Do not hurry to trade it, wait for a valid breakout
Thank you!
If it does not break to the bottom i am not interested in a long trade yet. Do not hurry to trade it, wait for a valid breakout
Thank you!
Comment:
Trade worked out as expected. Moving Stop Loss to BE for a risk free trade