Greetings to traders and investors tuned in worldwide! Here is how I’ve been actively monitoring the price of GBPCHF for the past few weeks until now and now I have shared with you how I potentially intend to calculate and catch the next price target levels with proper risk management as a result of relentless testing, documentation and preparation process, focusing on key details that should work profitably when implemented correctly. If you agree with this idea, please hit the boost and follow, I would appreciate it!
(Read slowly if you will 👇🏾) In the beginning, this process of developing, figuring out, comparing, collecting, learning and timely executing this high probability Buy Opportunity was initiated by this Bullish Candle that presented itself possessing these specific principles below, which I believe has the potential capacity within itself to effectively influence the price of GBPCHF to rise 170 pips above the top bullish candle at 1.14219 while preventing the price of GBPCHF from hitting a 34.1 pip price level point below the top bullish candle at 1.12180 in the first 18 hours 30 minutes of its overall testing process.
(These are the specific principles present) - 10.16.2024 1st Principle = This bottom Bullish Candle was partially above the (Red Ma) and the (Blue Ema) was fully above the (Red Ma) 2nd Principle = This Bullish Candle was found with a flat bottom, no wick 3rd Principle = This entire Bullish Candle is fully above the Ichimoku Cloud 4th and final Principle = The previous wick of this Bullish Candle is 59 pips away from the top bullish candle, which is greater than 40 pips by 19 = automatically making it a greater previous wick, knowing that the greater previous wick is > the potential effectiveness and profitability I would expect this Bullish Candle to be within its capacity to influence the price of GBPCHF to rise.
(Greater chart view + image) - 🖼
(Buomkuoth’s live Buy Position off this Bullish Candle revealed) - 10.16.2024 MY ENTRY PRICE was 1.12404 / the current price of GBPCHF is now 1.12752 (up scoring 300+ pts) The price of my stop loss is adjusted to 1.12180pts (22 pips below this EP) The price of my take profit #1 is set at 1.13471pts (107.1 pips above this EP) The price of my take profit #2 is set at 1.14773pts (237 pips above this EP) - My personal risk management and tolerance are in place within this Buy Position. Always assess risk management in your trading strategy and investments!
(Bk) Buomkuoth Reath Puok 💎 / Glory be to God because of Jesus Christ now and forevermore! Amen
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