GBPCHF - Bears Took Over, Now What For The Bulls!

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

GBPCHF has been stuck inside a range in the shape of a symmetrical triangle.

As per my last analysis (attached on the chart), GBPCHF was around the upper orange trendline so we were looking for sell setups.

Now GBPCHF is approaching the lower trendline, so we will be looking for buy setups.

Moreover, the lower orange trendline is a support zone.

🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of a support / lower orange trendline.

As per my trading style:
As GBPCHF is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich