Corrective structure on the GBPCHF
Updated
Wait for the structure to be finished and break out. There might be a buy setup after a short consolidation. Don´t place the targets too high because there is another resistance level on the daily chart. If the structure does not come as expected, do not buy!
Note
There might appear a corrective structure after the initial up trend. That would be a setup for a short term buy opportunity.Note
Breakout is done. Waiting for a short flag now.Note
The buy setup is completed now.
Related publications
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.