• Vasily Trader

GBPCHF: Important Breakout & Coming Changes (Structure Analysis/Trading Plan)

morning traders,

we saw a massive expansion on 🟢GBPCHF yesterday.

with a huge high momentum bullish candle the pair has broken through a resistance line of an ascending triangle on a daily.

that breakout opens a potential for further bullish continuation to major red resistance.

I missed that rally and look for opportunities to be involved in this bullish continuation.

the closest safe buying area is based on the rising trend line of a triangle and its broken resistance.

within this demand area, I will try to buy the market.

there is no guarantee that the price will drop there,

but if it does, then we will trade 🙂