GBPCHF long with small Stoploss

28 Mei 2021

After huge uptrend the rate has been resting for a while. While here I found some technical analysis that confirms continuation of the uptrend. The rate has broken out the main trend line of the pullback and broken out triangle pattern of the retesting as well. Here you can execute long entry with R:R 1: 10+. The idea is swing trading idea. I hope we can hold the whole swing of the uptrend. You can take some profits on the resistance zones. Despite i strongly suggest you to hold until 1.29600 level.