gbpchf shows RSI divergence on the daily and on the 4hr we can see a bearish fakeout. markets failed to make an impulsive bearish leg. i have both the 9 MA and the 25 MA on my chart. i will look to buy at the cross of these 2 MA's or i will wait for a proper breakout setup. you can hold a second position for extended targets and to see how far price rises before getting some sort of reversal indication. so far i do not see a breakout i can enter long so i will wait for price action to give it to me. and keep the post updated.
David K Giraldo
