GBPCHF Long
Note
-GBPCHF showing signs of reversal after intraday rejection of lower price (long daily wick) by forming a reversal candlestick pattern (Pinbar/Spinning top/Indecision) AT SUPPORT
-GBPCHF at trendline support
-GBPCHF showing bullish divergence on 4H time frame
-Stochastic severely oversold at support
Entry
-Keep enough distance above the high of the reversal daily candle to confirm a transition of power from bears to bulls
Stop
-Below the low of the daily reversal candle
Target
-2 times stop
Risk Management
-Risk 1% to 2% of capital
-Ratio: 2:1
-GBPCHF showing signs of reversal after intraday rejection of lower price (long daily wick) by forming a reversal candlestick pattern (Pinbar/Spinning top/Indecision) AT SUPPORT
-GBPCHF at trendline support
-GBPCHF showing bullish divergence on 4H time frame
-Stochastic severely oversold at support
Entry
-Keep enough distance above the high of the reversal daily candle to confirm a transition of power from bears to bulls
Stop
-Below the low of the daily reversal candle
Target
-2 times stop
Risk Management
-Risk 1% to 2% of capital
-Ratio: 2:1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.