elblanco0

GBPCHF long setup

Long
FX:GBPCHF   British Pound / Swiss Franc
Top down analysis on this pair is setting up for a bullish move. Overall trend on the daily timeframe is to the upside, 4h timeframe we’re in a bullish flag as seen. One interesting indicator I like on this one is the Bollinger band width which is showing us that there’s been low volatility for a while, so I’m expecting a big move and with the trend to the upside and the bullish flag, I’m expecting a move to the upper trend line which has formed on the monthly chart.
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.