GBPCHF AROUND A STRONG SUPPORT
Updated
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
GBPCHF, as we can see price is still overall bearish from a short-term perspective.
However, from a zoom out picture price got stuck inside a big range, and price around a strong support zone as well.
So, for now we will be looking for new longs, and as we can see price formed a nice-looking major swing high.
So, for the bulls to kick in we need a break above the marked swing high, a momentum candle close, then a movement higher would be expected.
1-2 Risk to reward ratio from a risk management perspective.
Until that happens price can still trade lower and lower
If you like this kind of analysis don't forget to like and follow
And as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
GBPCHF, as we can see price is still overall bearish from a short-term perspective.
However, from a zoom out picture price got stuck inside a big range, and price around a strong support zone as well.
So, for now we will be looking for new longs, and as we can see price formed a nice-looking major swing high.
So, for the bulls to kick in we need a break above the marked swing high, a momentum candle close, then a movement higher would be expected.
1-2 Risk to reward ratio from a risk management perspective.
Until that happens price can still trade lower and lower
If you like this kind of analysis don't forget to like and follow
And as usual follow your trading plan and manage your risk.
Be patient and good luck!
Note
Telegram channel: t.me/Snipers_F_x
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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