GBPCHF follow the trend long idea
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GBPCHF is retracing to a trendline extended from mid october.
This trendline has been proved support for several times and now price is just above it.
We may go long now or, for conservative traders, wait for a break above the corrective channel (the red one) then long retracements.
This trendline has been proved support for several times and now price is just above it.
We may go long now or, for conservative traders, wait for a break above the corrective channel (the red one) then long retracements.
Komen
BTW, it is not surprising if SNB intervenes CHF value before or after ECB meetings.If Euro is going to devalue, so will be CHF.
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