GBPCHF: Possible new entry in the uptrend
GBPCHF
Price has been in a W-uptrend quite some time now.
It recently respected W S&R and started a new daily uptrend (last couple of weeks). A few days ago we broke a triple tapped daily trendline. Some good support is coming up right on the spot with a daily S&R line meeting a possible new upper trendline. The entryline I'm currently looking at is at 1.465xx, going towards 1.4923x and potentially 1.51080.
Currently waiting on the retrace towards 1.4651x, and looking for more confirmation from there on.
Let's see what happens the next few days.
Update 11/04:
Today will be important to what our actions might be, I need to reevaluate my steps again - but normally I'll enter as soon as I see a confirmation candle from my proposed starting point.
Price has been in a W-uptrend quite some time now.
It recently respected W S&R and started a new daily uptrend (last couple of weeks). A few days ago we broke a triple tapped daily trendline. Some good support is coming up right on the spot with a daily S&R line meeting a possible new upper trendline. The entryline I'm currently looking at is at 1.465xx, going towards 1.4923x and potentially 1.51080.
Currently waiting on the retrace towards 1.4651x, and looking for more confirmation from there on.
Let's see what happens the next few days.
Update 11/04:
Today will be important to what our actions might be, I need to reevaluate my steps again - but normally I'll enter as soon as I see a confirmation candle from my proposed starting point.
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