GBPCHFCurrently analysis showing a bullish pennant / bullish triangle pattern. Still very hesitant to get in on any GBP for the following reasons:
- Price is too high to start entering
- Major move has already taken place
- High volatility due to Brexit
To be a bull in this situation:
- Wait for confirmation of the triangle break as the price is very close to the apex
- Monitor Brexit developments and parliamentary votes.
To be a bear in this situation:
- Wait for confirmation of triangle break and scalp entry back down to the previous support level.
- Monitor fundaments for any negative Brexit news / Econ data
Both trades have solid target levels.
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.
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.