GBPCHF: Possible Short Term Buy Trades from Support

What do you think about a possible buy opportunity in GBPCHF market?

I can support my idea by the argument that the price reached the support zone formed by SMA100 and SMA200. If we talk about possible reversal signals from this zone, the hourly timeframes will be able to provide us a possible buy signal.

Yes, you may say that the price broke the uptrend line, and we got a strong bearish signal. It is better to search for sell signals.
I agree with you, and I want to do it after a pullback from the support zone up to the uptrend line, which acts now as a resistance line.

Share your ideas how you are going to trade in this market? What type of trades will be able to give profit, long or short trades?



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.