GBPCHF | Perspective for the new week

With a significant breakout of the descending channel identified on the higher time frame, I am looking forward to a bullish momentum this week. This video explains how I intend taking advantage of this potential move to the upside.

Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.

Dagangan aktif:

Position triggered

Dagangan ditutup: hentian tercapai:

Stopped out; we intend to anticipate re-entry at the sight of a structure that supports a reversal pattern above the key level at 1.16500.

Dagangan aktif:

Potential new set-up

Dagangan aktif:

In the last 6 hours, we have witnessed how buyers have been finding it difficult to maintain significant pressure right above the key level at the 1.16500 area. In this regard, I am having a change in perspective as if we see a breakdown/retest of the key level at 1.165000, we might be going for a bearish momentum.

Dagangan aktif:

We have a breakout of the key level at 1.16500 again. Let's see if there is going to be a retest of structure to add positions.

Good morning