Hi guys, yesterday while looking at my charts I noticed quite an interesting GBPCHF model. In the chart above, you can see the pattern that I have drawn, how after every big and sharp drop, there is a consolidation for about 3 touches and then the price makes an ascent to the existing trendline made by the recent highs.
I am not saying here that you should go long now and wait 1-2 months for it to reach TP, but you may consider entering multiple long positions with shorter TPs.
You can take this as the general trend direction for the near future of GBPCHF.
I personally will do just that and if this pattern repeats I will milk quite a lot out of GBPCHF for the next 1-2 months.
I am not saying here that you should go long now and wait 1-2 months for it to reach TP, but you may consider entering multiple long positions with shorter TPs.
You can take this as the general trend direction for the near future of GBPCHF.
I personally will do just that and if this pattern repeats I will milk quite a lot out of GBPCHF for the next 1-2 months.