GBPCHF meets strong support: A reversal here is high probability
Looking at GBPCHF and how it fits within my approach to structure-based trading, this one is really speaking my language.
Price has come down into a key higher-timeframe support zone: a zone that’s proven itself multiple times in the past. Now, price has shown some initial rejection there, making my long position towards 1.1000 a clear, rational target.
What makes this setup different could be the patience behind it. As we let the market complete its downward leg, waited for price to revisit a reliable zone, and now anticipating a bounce back. It’s a move that I’ve captured across my previous charts again and again.
Let me know in the comments what you think
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Price has come down into a key higher-timeframe support zone: a zone that’s proven itself multiple times in the past. Now, price has shown some initial rejection there, making my long position towards 1.1000 a clear, rational target.
What makes this setup different could be the patience behind it. As we let the market complete its downward leg, waited for price to revisit a reliable zone, and now anticipating a bounce back. It’s a move that I’ve captured across my previous charts again and again.
Let me know in the comments what you think
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.