GBPCHF double combination pattern
Updated
i will be looking for buy opportunities next week
the overall trend is downside, but it seems that this correction phase is about to end with a double combination structure ending with triangle and MACD divergence tells that upside momentum is increasing.
because its a counter trend trade, and the movement to upside will be another correction phase, we have to move the stop to break even as soon as our trading strategy allows.
the overall trend is downside, but it seems that this correction phase is about to end with a double combination structure ending with triangle and MACD divergence tells that upside momentum is increasing.
because its a counter trend trade, and the movement to upside will be another correction phase, we have to move the stop to break even as soon as our trading strategy allows.
Comment
this point is a good level for taking profit because of the channel and divergence.if it reverse to the downside i will look for sell setup and for more upside, i wait for a correction and i will be a buyer on break out of the correction
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