GBPCHF to move on Thursday 03.02 on BOE
Interesting setup on GBPCHF in preparation for Thursday BOE.
A retest and continuation on the S&D area around 1.24800 would indicate a good long opportunity to the TP of 1.24849. For a RR ratio of 2:1
If price shoots out of the order block to the downside retesting the liquidity area around 1.24500, we could look at a short opportunity with a TP at 1.24189. The RR ration on the short is a juicy 2.7:1
On the daily , price is fighting with the 200 day EMA . I'm tempted to say that after the initial volatility of the BOE and a fadeout of the bulls and collecting all the SL's we will se a continuation for bears.
Trade safe and don't overtrade. (my greatest weakness at he moment)
A retest and continuation on the S&D area around 1.24800 would indicate a good long opportunity to the TP of 1.24849. For a RR ratio of 2:1
If price shoots out of the order block to the downside retesting the liquidity area around 1.24500, we could look at a short opportunity with a TP at 1.24189. The RR ration on the short is a juicy 2.7:1
On the daily , price is fighting with the 200 day EMA . I'm tempted to say that after the initial volatility of the BOE and a fadeout of the bulls and collecting all the SL's we will se a continuation for bears.
Trade safe and don't overtrade. (my greatest weakness at he moment)