I like how disciplined this trendline has been. Another bounce is certainly possible here but im leaning to look for an impending break down. In any case, I'll let the price action dictate my trade. Keep an eye on this
Gbp-Chf Long View On Monthly Chart
GBP/CHF made the breakout of the bullish channel, returning again marked on 1 December highs. If the breakout would confirm, it might be a good opprtunità for long inputs. My suggestion is to wait for a confirmation, because a return inside the channel would change all the technical framework of the hourly chart, providing in terms of sales transactions...
This pair has been in a large reversal wedge for a long time. It has made a clean break of the Resistance and is now heading up for a large move. Look for long positions above 1.22037 FX:GBPCHF
- in trend range - could reverse direction - wait for break of trend line before buying - good r/r ratio - long term hold - no big news events.
After a prolonged decline against its basic peers, pound is performing considerably better which might have longterm bullish consequences for the pair. GBP/CHF has left the boundaries of the downward trend and is now trending sideways. Expect a flag formation and get in the bullish trade
What a nice Bat Pattern we have here !! it reach our point to complete our Batchart so he can fly to the target :P wish you all the best
the pair broke out of channel so i shorted and im waiting for further drops
waiting for zone penetration and some PA to go short...trendline break is also a good confirmation
Upper boundary of the channel has been hit and price immediately rejected it. Not a bad idea to take a short position here with a stop loss just above the price action at the top of the channel. Risk/reward for such a trade is excellent. Lets see how it unfolds. Happy trading
Read text written in the chart.
Just entered bearish from the breakout of the upward channel. AUD pairs have been selling off for a while now and by the looks of this they will continue to do so.
CAD seems to have had some positive economical data, which just triggered this breakout to the downside. Waiting on a minor pullback to enter this buit should sell into .97911 or lower. Enjoy