GBPCHF Buy the breakout or watch 886

Hi there,

I hope you are aware about the longer term GBPCHF chart. This setup is follow up for that chart but we are having short term long setup on 1hr time frame for one more bullish wave.

Watch for the breakout and buy the breakout.

If we dont see breakout and price test 886 of of fib lines then watch that area for price action and look for buy.

If we are going to see a strong breakout then you can hold the long even for further upside rather than for the next bullish wave only.

In case, if we dont see breakout and price completely close below below the previous low then it will change the buy setup. Then we will reanalyse the GBPCHF chart for buy.

Good Luck

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Comment:

More upside is there. If you are in then look for more upside. If we are going to see change in pattern formation i will update that stay bullish on GBPCHF.