See daily chart of GBPCHF below for the discussion that follows.
GBPCHF has formed 2 indecision candles on support this past week. I’m will look to go long here if I see bullish price action from this support.
Note, this is not very strong support, but I like the 2 indecision candles which indicates price contraction. With indecision it’s easier (for me) to spot where price wants to go next given subsequent candles. Indecision also helps me plan better.
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