GBPCHF - Potential Bullish Reversal!

2022年6月23日

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

GBPCHF is approaching a strong support in green so we will be looking for buy setups.

on H1: GBPCHF is forming a trendline but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, GBPCHF would be overall bearish can still trade lower inside the green support zone.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich