GBPCHF long bet on retracement or trend reversal 1h 3 week
Trade is set up a bit ahead of the usual entry because I believe we will have a trend reversal instead of a regular retracement. I am doing this early because the market is acting funny with the swiss franc so I think they are up to something (big overreaction).
If it does end up dropping more it will then be due for a retracement which would probably manage to reach the entry point for net 0.
Stop is set up below the big horizontal band of resistance.
If it does end up dropping more it will then be due for a retracement which would probably manage to reach the entry point for net 0.
Stop is set up below the big horizontal band of resistance.