Outlook on GBP/CHF
Updated
Formational Rule:
Anticipating swing price to the upside, after making a new daily low last Friday and breaking Thursday low. There is a sense of divergence in volume for a high probability of change of direction with momentum from prior weeks. Minus the volatility.
Waiting for price to float to 96.60% level
When price gets to the level, wait for candlestick pattern to formate a 15 minute reversal pattern to manage multiple positions. Or a 1H engulfing candlestick rejection to the upside.
Target is a full symmetrical swing, from the pigment of price volume profile. Large order are found at 1.1960 for price to limbo
If rules are not met do not put a trade
Trade at your own risk
Anticipating swing price to the upside, after making a new daily low last Friday and breaking Thursday low. There is a sense of divergence in volume for a high probability of change of direction with momentum from prior weeks. Minus the volatility.
Waiting for price to float to 96.60% level
When price gets to the level, wait for candlestick pattern to formate a 15 minute reversal pattern to manage multiple positions. Or a 1H engulfing candlestick rejection to the upside.
Target is a full symmetrical swing, from the pigment of price volume profile. Large order are found at 1.1960 for price to limbo
If rules are not met do not put a trade
Trade at your own risk
Note
Rejected right at open. Waiting for price to push deeper through lower levelsNote
More buyers came in, as of result of adding more orders to the upside levels. Still looking for swings on this pairTrade closed: stop reached
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