Paun British / Franc SwissPanjang
GBPCHF: A very aggressive long trade into a weekly/monthly trend
I entered a long here.
Price is sitting at a weekly mode since the lowest low.
There's a daily downtrend signal that expired yesterday, and it seems like GBPUSD is ready for a move up.
It's interesting how the monthly mode has supported price here, while the daily was in a downtrend, with strong up bars in between, and the weekly showing us no new low in 5 weeks next week.
Good luck,
Ivan.
Price is sitting at a weekly mode since the lowest low.
There's a daily downtrend signal that expired yesterday, and it seems like GBPUSD is ready for a move up.
It's interesting how the monthly mode has supported price here, while the daily was in a downtrend, with strong up bars in between, and the weekly showing us no new low in 5 weeks next week.
Good luck,
Ivan.
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