Hi everyone:
GBPCHF is on my watch for the midterm to long term buy.
Price on the higher time frame has a fallen wedge structure, correcting itself down to the recent lows.
Last bit of price action has an inverse Head and Shoulder pattern, adding extra positive confluence to a bullish reversal move.
I like to wait a confirmation breakout from the lower time frame, indicating a confirm bullish move, and look for continuation correction for the buy setups.
Thank you
GBPCHF is on my watch for the midterm to long term buy.
Price on the higher time frame has a fallen wedge structure, correcting itself down to the recent lows.
Last bit of price action has an inverse Head and Shoulder pattern, adding extra positive confluence to a bullish reversal move.
I like to wait a confirmation breakout from the lower time frame, indicating a confirm bullish move, and look for continuation correction for the buy setups.
Thank you
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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.