GBPCHF Breakout from consolidation zone! Long!
Updated
Hy traders!
GBPCHF was trading in a range for quite a long time and finally could make it to push trough. Please also notice the fakeout I marked in the charts, which should be a very bullish indicator. The daily 50EMA break adds additional confluence for a great long play with a huge RRR.
You can decide by yourself if you want to buy the breakout, wait for the candle close, or patiently wait for a lower Risk Pullback entry on a lower timeframe.
As always, be careful and good luck!
Comment, like and engage. I am happy to answer any questions!
GBPCHF was trading in a range for quite a long time and finally could make it to push trough. Please also notice the fakeout I marked in the charts, which should be a very bullish indicator. The daily 50EMA break adds additional confluence for a great long play with a huge RRR.
You can decide by yourself if you want to buy the breakout, wait for the candle close, or patiently wait for a lower Risk Pullback entry on a lower timeframe.
As always, be careful and good luck!
Comment, like and engage. I am happy to answer any questions!
Note
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Trade active
Be ready to consider a position @ #GBPCHF on the 5min trendline break. Price touched the 0.5Fib level and price could reverse from here. Be careful though and always use a SL!
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