GBPCHF TRIANGLE BREAKOUT. BUY THE PULLBACK
Updated
Hi everyone:
WE have an excellent opportunity on GBPCHF for a long term trade. We can see the daily chart has been in a ranging market, and currently its at the bottom and rejecting support.
The 4 hr chart broke out of the symmetrical triangle to the upside. Now we can wait for a higher low to develop before enter the trade.
Potential targeting the daily fibs level of 38.20% and 81.80%
TP 1: 1.2550
TP 2: 1.2750
Thank you for your support and feedback.
WE have an excellent opportunity on GBPCHF for a long term trade. We can see the daily chart has been in a ranging market, and currently its at the bottom and rejecting support.
The 4 hr chart broke out of the symmetrical triangle to the upside. Now we can wait for a higher low to develop before enter the trade.
Potential targeting the daily fibs level of 38.20% and 81.80%
TP 1: 1.2550
TP 2: 1.2750
Thank you for your support and feedback.
Note
Here is the daily chart:
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