See daily chart of GBPCHF below for the discussion that follows.
GBPCHF has been trading in a range the last couple of months. Currently it’s testing the support of that range. I like the long lower wicks on the last two candles… it indicates possible rejection of that level and looks like it wants to go higher. If I can get a good entry this coming Monday, I will go long.
Be careful trading out there, especially in this current environment.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.
Thanks and Regards,
Trading SOS SOS