BUY GBPCHF Below 1.112 to Target 1.13 ??

2022년 9월 13일

This pair has just been grinding down towards the 2020 LOW at 1.112 it did get a slight bounce here from the open yesterday and is again aproaching this level wiith MACD divergence signal starting to occuring on the 4HR chart, we are also extremely oversold at this level I am expecting a nice reaction at this level again.

I will wait for a signal to occur on my Price action indicator on the 30min or 1HR charts and then enter a long position to target the newly formed Daily SUPPLY/SELL zone which created the new low in the current trend.

This can actually turn into a nice long term position though for now it is a short term trade idea