Hey!
We have a continuation pattern on the GBCHF called Bull Flag.
To confirm bullishness we have to get at least 1H candle close above the bull flag and above the red trendline.
Last weekly candle got a pretty nice rejection from the bottom - Double bottom formation - and now the breakout from the bull flag will confirm that next leg upwards.
A possible scenario is also a break above the red trendline and above the bull flag, retest those and then it is ready to go!
Follow your money management and trade with care!
Please, don't forget to LIKE, COMMENT & FOLLOW!
Thank You for your support, I really appreciate it!
Have a nice week!
All the best!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
We have a continuation pattern on the GBCHF called Bull Flag.
To confirm bullishness we have to get at least 1H candle close above the bull flag and above the red trendline.
Last weekly candle got a pretty nice rejection from the bottom - Double bottom formation - and now the breakout from the bull flag will confirm that next leg upwards.
A possible scenario is also a break above the red trendline and above the bull flag, retest those and then it is ready to go!
Follow your money management and trade with care!
Please, don't forget to LIKE, COMMENT & FOLLOW!
Thank You for your support, I really appreciate it!
Have a nice week!
All the best!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Trade active
We are above the mentioned levels. Probably we could make a throwback back to the red line but from now on the trade is active!Good luck!
Note
Here is the mentioned retest entry opportunity:Cheers!
🔍I do the technicals - so You don’t have to.
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👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
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📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
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.
🔍I do the technicals - so You don’t have to.
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
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.