FullTimeTrader

GBPCHF-double bollinger band correction

Corto
FX:GBPCHF   Libra esterlina/Franco suizo
5
I like this setup using bollinger bands.
The main D1 trend is bearish, here we have a bullish correction in the form of double bollinger bands.

I had a long position opened, im closing it with profits.

We must be flexible and follow the market, not forcing any trade. Thats why i prefer to manage the trades dynamically, the targets shown here are for information purposes only.

We have also the 0.8860 fib retracement, although this is not a bat i see this is a powerfull level to consider.

When entering a trade i prefer to open three positions:

- short term - main pivot point
- medium term - last lows
- long term - 1.400 level

best regards

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