GBPCHF Is about to change direction from downward trend to upward trend,Earlier H4 & DAILY showed RSI Divergence with huge bearish candle & proceeded upwards, hence where re entering an upward trend at the 61.8 fib with our stop loss at the 88.6 but you can put it at 78.6 fib
Order cancelled:
The trade retraced from the 50 fib,hence our order wasnt filled,since the swing high has been negated,this set up isnt good for use to go long,remove the buy limit order at 61.8 fib,We'll look for a 61.8 fib retracement to go long since the GBPCHF daily is still in a downtrend
SL at 1.22864
TP at 1.24856