British Pound / Swiss FrancUpdated GBPCHF FORECAST
Lets see what we got here.
Long term
We have been consolidating for a some time now after some big downside moves and this pair seems to be heading lower after a deeper correction.
4 Hour. It looks like GBPCHF will attempt to break out of this wedge triggering buyers and then reverse.
I don't really have a setup to buy or sell as of yet, but this is the general direction I see this pair moving in. If price moves to the Green CTL according to plan I will consider shorting at the top, but well see.
Long term
We have been consolidating for a some time now after some big downside moves and this pair seems to be heading lower after a deeper correction.
4 Hour. It looks like GBPCHF will attempt to break out of this wedge triggering buyers and then reverse.
I don't really have a setup to buy or sell as of yet, but this is the general direction I see this pair moving in. If price moves to the Green CTL according to plan I will consider shorting at the top, but well see.
Note
Price moved as expected. Now monitoring for short opportunitiesWhat we expected:
Updated chart with:
Trade, Code, & Travel.
pinescriptstrategy.com
pinescriptstrategy.com
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.
Trade, Code, & Travel.
pinescriptstrategy.com
pinescriptstrategy.com
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.