LOWER TF LOOK AT GBP/CHFGBP/CHF - This is something I am looking at getting involved in should the markets play out in our favour and put in the structure we want to see ultimately. We could look to set a pending order, however this could be more risky with us not waiting for entry confirmation.
I have completed a full top down on this pair and have a longer term goal with this market wanting to see it go bullish longer term. With my higher timeframe position I have placed my SL below the last higher timeframe low and my TP just below the higher timeframe high.
I want to see price pullback trading us into the Demand Zone below as this could be an area at which price trades down and into to set a new protected low, in doing so it would be following the laws of bullishness assuming price goes on to set a new high.
I believe this may play out as price has broken structure to the upside suggesting that bullishness is being introduced into this market longer term. For additional confluence, we would wait for price to break again fractally to the upside once we see price trade into the Demand Zone.
