Quite clear inverse H&S pattern forming here. Best R/R is to go take longs especially if look at the Daily and Weekly timeframes. Heavily oversold and CHF futures are somewhat stretched and primed to be sold off any time now. I'll be looking to add to my long positions on this pair.
I've been waiting for this for a while. GBPCHF broke green line and now it seem like consolidating so for me nice short chance.
I'll wait for break the purple line with SL somewhere slightly above broken green line. As I always do, I'll fix my BE after breaking "Fix BE" line.
This is just view of what am I doing. I'll be really happy to see opinion of other...