i hope this post find you well. :)
Today I am focusing on this GBPCHF pair. The reason why I am focusing on this pair it is because it clearly highlighted a very nice breakout signal called an "Inside day candle". Doing my top-down analysis I saw that yesterday we closed with a very inside day candle & that is good sign for price action traders. So i had to flag this one. Mind you, the breakout strategy is one best strategies i have ever done in life by using price action. So to briefly highlight my trading idea in this pair;
1. The inside day candle is formed or closed on a very technical level or key level.(remember you only trade inside-day candles formed on a technical or key levels).
2. Remember this is a breakout signal, so i decided to buy the break to the upper side since we close higher than the open price yesterday. meaning we just confirmed a new weekly support. therefore that's an indication that lower prices are no longer desired therefore we all the way up!
lets see how this goes.
Good luck on your new trading week. ;)