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.

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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.
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Past performance is not necessarily indicative of future results.

Trade ativo:

Position triggered

Trade fechado: stop atingido:

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.

Trade ativo:

Potential new set-up

Trade ativo:

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.

Trade ativo:

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