GBPCHF Buy Idea
Step 1 - wait for a break above 1.2770.
Step 2 - wait for double wave down on H1 or M15. The 2 waves must end with bullish divergence.
Step 3 - Draw a bearish trend line between the two waves down from step 2 and wait for the breakout. Once it breaks up, go long.
Stop loss - below last low created before the breakout.
Target 1 - 1.2820
Target 2 - 1.2950
Target 3 - 1.31
Step 2 - wait for double wave down on H1 or M15. The 2 waves must end with bullish divergence.
Step 3 - Draw a bearish trend line between the two waves down from step 2 and wait for the breakout. Once it breaks up, go long.
Stop loss - below last low created before the breakout.
Target 1 - 1.2820
Target 2 - 1.2950
Target 3 - 1.31
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