DAFOREXSUMNDEH

GBPCHF welcomes the Bulls

Long
FX:GBPCHF   British Pound / Swiss Franc
Coming from a major swing low, we saw that the market broke a series of lowers highs with bullish breakout. The market pulled back to trendline to find dynamic support. A trend reversal was at play. Our buy signal is the bullish engulfing+Wick rejection in the Fib's Buy and Sell zone. Stop loss below the wick. We are risking 31 pips for 271 in total.
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.