GBPCHF - big movement incoming - how to trade

Market price has build a triangle pattern and is near end of this. I expect a big breakout movement after market price leaved the triangle and closed above or under it. Don't expect that market will reach take profit areas in one single movement, we can expect movement and correction for 3-5 days which needs a high psychological self control to make this trade professional.

-Regular RSI is within down trend channel and retraced from trend line which indicates down movement
-Bollinger bands are tight and going sideways which indicates an bigger incoming market movement
-Market price is near 50 day moving average (yellow line) - a close of the current candle above brings buyers into the market and a close of the current candle under it brings sellers into the market

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Komentarz:

trade still inactive

Zlecenie aktywne

Transakcja zamknięta: osiągnięto wyznaczony cel:

trailing stop reached after today breakout above 1.270