Long

GBP/CHF: Buying at these levels

Updated

I have identified a structure which could be interesting to buy from these levels.

We have a bullish divergence and I am buying it and will target the median line as shown in my chart.

*** Trade at your own risk ***

Note

My target is 1.21390

Trade closed: stop reached

My SL was hit

Note

I will be buying again at next support, we still have a strong bullish divergence

Note

Will be buying again at these levels

Note

Note

I want a double bottom for the level to be confirmed.

Note

OK guys, the current support it went should be tested at least once to be valid...

I am shorting @ market now until previous support and then will go long if the support holds

Note

My target 1.20740

Note

I don't see any other setup for today so I guess this will be my only trade

Note

Need the 740 level to be tested again and see a reaction from there. Will take my profits from my shorts and then go long if I see a candlestick confirmation

Note

Ok took nice profits on my shorts will check now to enter long again

Note

Ok Just went long from these levels

Note

Still in the trade, let's see how the 4H closes

Note

Ideally a close above 1.20700

Note

My new target is 1.21210

Note

The pattern has slightly changed, I am still in the trade, the bullish divergence is still important.

I am targeting the top of this flag. Target is unchanged, around 1.21280 - 1.21350

Note

Will open a new idea, it's becoming messy

SwissPips

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.