GBPCHF Analysis complete — scenarios outlined. The [1.09980] zone could be a decision point for [GBPCHF]. Price reaction here may define the next move.
If price breaks and pulls back to retest, a reversal setup might emerge.
Trade active
Note
In this scenario, our initial stop was taken out by stop fishing.However, price immediately returned into the zone.
A confirmation hammer candle formed right at the level, offering a second entry opportunity.
The new trade is currently open and in profit.
Smart risk management and reading price behavior post stop-out often unlocks fresh opportunities.
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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.