GBP/CHF: Conditional buy order, check it out !

Hi guys,

Another setup for GBP/CHF.

Best,

Jesse

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a ZOOM IN cause it's not easy to understand the idea I must admit :-)

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The idea is simple: We wait for the price to break the high of the mother candle. Price should be supported and test the next fib level.

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It's a 20-pip trade, but it could potentially go higher.

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Near the activation level

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Still holding my bullish view. The trade is NOT activated yet.

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Price is still trading at the fib level + we are seeing bullish divergence with volumes suggesting buyers want to buy at lower prices.

The idea is invalid if price crosses down the support (fib) level

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4H VIEW

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H1 needs to close above this range, otherwise the idea will be invalid and I will start shorting it.

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The range was broken with a strong bearish candle!

I am shorting

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Since the idea is no longer valid and that I am shorting I am opening a new idea

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