GBPCHF ZOOMED OUT PICTURE
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
As we can see from Daily time frame price is still trading in a sideways direction or rangy market.
However, price is sitting around our lower bound of the rangy market lining up with our support zone.
Where we will be looking for new longs as well.
Meanwhile, for the bulls to kick in from a short-term perspective, we need a momentum candle close above our major swing high,
Then a movement higher would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
As we can see from Daily time frame price is still trading in a sideways direction or rangy market.
However, price is sitting around our lower bound of the rangy market lining up with our support zone.
Where we will be looking for new longs as well.
Meanwhile, for the bulls to kick in from a short-term perspective, we need a momentum candle close above our major swing high,
Then a movement higher would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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