InkyGrip

GBPCHF a turn at the 0.886 🦐

FOREXCOM:GBPCHF   British Pound / Swiss Franc
GBPCHF on the 4h chart after last week's profit has retraced at the 0.886 Fibonacci level.
The price respects a descending trendline and moves below a descending resistance.

How can i approach this scenario?

I will wait for a potential break of the interested area and if the market will satisfy the Plancton's MTB strategy i will set a nice long order.
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.