GBPCHF - long trade idea
Updated
GBPCHF
My perspective on GBPCHF
4 hour - As we can see price couldn't break the swing low, and started an uptrend. And then broke the swing high which is a major support and resistance level. The pull back came down to retest this level as well as the 20 EMA.
1 hour - Now this is our entry time frame where price lost its momentum and made a candlestick pattern to enter the trade.
My perspective on GBPCHF
4 hour - As we can see price couldn't break the swing low, and started an uptrend. And then broke the swing high which is a major support and resistance level. The pull back came down to retest this level as well as the 20 EMA.
1 hour - Now this is our entry time frame where price lost its momentum and made a candlestick pattern to enter the trade.
Trade active
Trade closed: stop reached
Price came back to the 50 EMA, and then made an engulfing candlestick, we should have waited for that.
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