Hello everyone
GBPCHF REVERSAL .
My idea of GBPCHF comes from the nature of the market or its price action.
GBPCHF seemed to have created a deep descending pattern on the HTF .
We also started creating some sort of Descending pattern on the LTF .
Both the HTF and LTF seem to be lining up ,so there is a possibility of a eminent Reversal .
How I would take this set-up is wait for the :
• LTF to first break out of the pattern, impulsively.
• I would then look for a LTF continuation pattern and execute as planned .
If the chart does go up but correctively ,I will then not take the trade and reassess the chart for further development.
Thank you .
GBPCHF REVERSAL .
My idea of GBPCHF comes from the nature of the market or its price action.
GBPCHF seemed to have created a deep descending pattern on the HTF .
We also started creating some sort of Descending pattern on the LTF .
Both the HTF and LTF seem to be lining up ,so there is a possibility of a eminent Reversal .
How I would take this set-up is wait for the :
• LTF to first break out of the pattern, impulsively.
• I would then look for a LTF continuation pattern and execute as planned .
If the chart does go up but correctively ,I will then not take the trade and reassess the chart for further development.
Thank you .
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Hello everyone 👋
So we did not get a bullish impulse up so therefore no trade was taken.
I will now wait for more development.
Thank you
So we did not get a bullish impulse up so therefore no trade was taken.
I will now wait for more development.
Thank you