GBPCHF Buy the breakout or wait for the bottom to hold

Hi there,
GBPCHF is in short term bullish trend and it is forming very nice short term setup for one more up move.

How you can trade on this chart.

1. Watch for the strong breakout and go long.

Or

2. Wait for the price to hit the bottom and test the 886 then look for buy close to the previous low.

In case we dont see price action for long and price keeps forming correction and keeps breaking down sharply then it will invalidate the buy setup.

Good Luck.

Comentarios: