GBPCHF, daily tf, bulls in control after 3 weeks consolidation

Aug 30, 2020

Hello my friends,

Here is a good setup for GBPCHF pairs, price has failed to closed above 1.2030 resitance since August 3rd. The first time GBPCHF reach it, they got rejected and price then consolidating for 3 weeks. Finally the Friday candle closed above it and i think GBPCHF ready to go higher from this point

There is a chance during Monday, price could go down to retest 1.2030 as a support, this will be our cue to buy GBPCHF on the retest.
I am gonna buy GBPCHF if it come to retest it on Monday.
The nearest resistance is at 1.2200 area, after price breaking above this area it could be a highway until 1.24500

Buy GBPCHF 1.2030
Stop loss 1.1890
Take profit 1 @1.2200
Take profit 2 @1.2450

RR ratio 1:3
Good luck

Sep 1, 2020

Note

TP 1 reached
Partial profit taken and now hold for TP 2

Sep 1, 2020

Trade closed: target reached

i closed this trade at tp1

booked +170 pips profit