(GBPCHF) - 4hr - Speculation and AnalysisWhat we have here is basically :
1) Price is at strong Weekly & Monthly support.
2) Double bottom.
3) Broken trend line.
Shorting at current market price.
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Liability Disclaimer : All trades posted here are my personal view of the market.
If your planning to use them as a signal, do your own research first and you are responsible for your own entries, exit, profit and loss management.
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Gbpchfbuy
GBPCHF Buy IdeaGBPCHF Buy Idea
After this pair did a triple cycle down on the lager TF we are looking for the cycle reversal level. The top TL is broken and we see a bullish convergence.
We now need to see a double wave retrace in order to buy.
We have a bullish divergence to support our idea.
SL last low + 2 pips + spread
TP1 1.3923