Potential Bullish Opportunity on GBPCHF
Although the price has reached a weak 4H POI from Mar 2020, but the price has shown a great change of character (or change of trend) combined with a break of structure, showing that the price is potentially making a reversal to the way up.
Plus, the bullish trend that break the structure is strong and left a few of demand zones behind. (Which is also the blue and gray rectangle I marked)
Additionally, there is a trend liquidity when the price is on the way down to the POI, meaning that some orders right there has to be filled.
Look in lower time frame for further confirmation.
Plus, the bullish trend that break the structure is strong and left a few of demand zones behind. (Which is also the blue and gray rectangle I marked)
Additionally, there is a trend liquidity when the price is on the way down to the POI, meaning that some orders right there has to be filled.
Look in lower time frame for further confirmation.
Note
As analyzed, the price went bullish and probably going to have a pullback before going higher. However, I missed the initial entry by 0.5 pip and missed confirmation entry few pips...
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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.
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.