Retracement trade : Long with caution..

Hello Traders,

IN GBPCHF , we can see possible retracement , as pair is also trading in ascending channel pattern , suggests that GBPCHF is trying to push higher to test descending trendline resistance ,

Typically in retracements we are never sure till which point pair is going to pullback , therefore we would like to remain in long trade only till price is trading inside ascending channel pattern , traders who use demand supply zones as entry exits can stay in trade till price is not making new low in 4hr...

In these articles we post intraday possible outcomes of pairs based on naked trading setup only .. We do not take into account fundamental news which may move pair significantly in any direction , follow your trading plan .


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