GBPCHF BUY

13 feb 2022

Overall bullish bias on the 4H chart. A retracement on the 1H touching the fib 61.8 level which coincides with newly formed support. The retracement formed as an exhaustion pattern and left a huge imbalance that should be filled prior to big moves. If the market opens with no big gaps, my plan is to enter a long position with the stop loss of 1.25123 and the take profit to be 1.25875.