GBPCHF is trading within an ascending channel, whether this is going to form into a bearish flag is yet to be seen. However, this does present bulls with an opportunity to go long on the pair now at the supportive trendline, targeting the resistive trendline of the channel.
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Best of luck traders!
Be sure to follow me for more ideas and analyses. Leave a comment with your thoughts below, all input is appreciated.
Best of luck traders!
Trade active:
Long positions were opened. As we approach our target, profits will be locked to minimise risk. Remaining positions will be held until the target is reached.