Apart from the fact that USDCHF most times goes against GU and EU... that is what is keeping me out of this trade at the moment. But i'mma share it anyways.
In a plenty of few days back USDCHF broke above a daily downtrend line that started midway on the second daily LH which the first High is at 1.01469 then the 2nd LH at 0.94375 while the 3rd high is at...
GU has a major LL to be broken which it looks like it's making a move towards breaking it this new week.
It tapped into a recent supply zone at the level 1.25378 and headed below therefore this new week let's hope to see more of downward movements straight to 1.23086
EURGBP Is trying to shift the trend to buy side now and due to the fact that it recently broke a lower high and closed well above... all bigger opportunities will be to the buy side.
For now, our target level for a long position is 0.87330.
It has broken to the upside, a trendline of a couple of daily lower highs, and in few days time we expect it to move and close above 0.63926 and by then we will have shifted the trend long. and every opportunity from there would be to buy.
