GBPCHF Trade Idea
Analysis & Justification:
• Price is currently above the 200 EMA, indicating an overall bullish trend.
• A Break of Structure (BOS) has occurred, serving as a second confirmation that the price is in an uptrend and likely to continue its upward movement.
• Price has also rejected the Demand Zone at the BOS level, further reinforcing the bullish momentum after testing this key support area.
Trade Parameters:
• Entry Price: 1.14407
• Target Price: 1.14929
• Stop Loss: 1.14146
• Risk-Reward Ratio (RRR): 2
This setup aligns with the trend-following strategy, leveraging trend continuation signals and demand zone rejections.
Analysis & Justification:
• Price is currently above the 200 EMA, indicating an overall bullish trend.
• A Break of Structure (BOS) has occurred, serving as a second confirmation that the price is in an uptrend and likely to continue its upward movement.
• Price has also rejected the Demand Zone at the BOS level, further reinforcing the bullish momentum after testing this key support area.
Trade Parameters:
• Entry Price: 1.14407
• Target Price: 1.14929
• Stop Loss: 1.14146
• Risk-Reward Ratio (RRR): 2
This setup aligns with the trend-following strategy, leveraging trend continuation signals and demand zone rejections.
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.
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.