GBPCHF meets strong support: A reversal here is high probability
Looking at GBPCHF and how it fits within my approach to structure-based trading, this one is really speaking my language.
Price has come down into a key higher-timeframe support zone: a zone that’s proven itself multiple times in the past. Now, price has shown some initial rejection there, making my long position towards 1.1000 a clear, rational target.
What makes this setup different could be the patience behind it. As we let the market complete its downward leg, waited for price to revisit a reliable zone, and now anticipating a bounce back. It’s a move that I’ve captured across my previous charts again and again.
Let me know in the comments what you think
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Price has come down into a key higher-timeframe support zone: a zone that’s proven itself multiple times in the past. Now, price has shown some initial rejection there, making my long position towards 1.1000 a clear, rational target.
What makes this setup different could be the patience behind it. As we let the market complete its downward leg, waited for price to revisit a reliable zone, and now anticipating a bounce back. It’s a move that I’ve captured across my previous charts again and again.
Let me know in the comments what you think
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Free Telegram Signals: t.me/addlist/MLJjjTl2V-M1OTc8
👉 I recommend this Broker - Get 20% Deposit BONUS - bit.ly/trenddiva
👉 My favorite broker - go.tradenation.com/visit/?bta=37381&brand=tradenation
👉 I recommend this Broker - Get 20% Deposit BONUS - bit.ly/trenddiva
👉 My favorite broker - go.tradenation.com/visit/?bta=37381&brand=tradenation
Related publications
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.