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British Pound / Swiss Franc
Long

GBP/CHF: Conditional buy order, check it out !

By SwissPips
Updated
Hi guys,

Another setup for GBP/CHF.

Best,

Jesse

Comment
a ZOOM IN cause it's not easy to understand the idea I must admit :-)

snapshot
Comment
The idea is simple: We wait for the price to break the high of the mother candle. Price should be supported and test the next fib level.
Comment
It's a 20-pip trade, but it could potentially go higher.
Comment
Near the activation level
Comment
Still holding my bullish view. The trade is NOT activated yet.

snapshot
Comment
Price is still trading at the fib level + we are seeing bullish divergence with volumes suggesting buyers want to buy at lower prices.

The idea is invalid if price crosses down the support (fib) level
Comment
4H VIEW

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H1 needs to close above this range, otherwise the idea will be invalid and I will start shorting it.

snapshot
Comment
The range was broken with a strong bearish candle!

I am shorting

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Comment
Since the idea is no longer valid and that I am shorting I am opening a new idea
Order cancelled
Bullish PatternsbuyChart PatternschfForexfxGBPGBPCHFsetupswisspipsTrend Analysis
SwissPips

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