Today I am focusing on this GBPCHF pair. The reason why I am focusing on this pair it is because it clearly highlighted a very nice breakout signal called an "Inside day candle". Doing my top-down analysis I saw that yesterday we closed with a very bullish inside day candle & that is good sign for price action traders. So i had to flag this one. Mind you, the breakout strategy is one best strategies i have ever done in life by using price action. So to briefly highlight my trading idea in this pair;
1. The inside day candle is formed or closed on a very technical level or key level.(remember you only trade inside-day candles formed on a technical or key levels). 2. Remember this is a breakout signal, so i decided to buy the break to the upper side since we close higher than the open price yesterday. meaning we just confirmed a new weekly support. therefore that's an indication that lower prices are no longer desired therefore we all the way up!
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