GBP/CHF is Trading Below Moving Averages
By Deya Hroob
This trade set up is based on a daily chart.
The pair is suffering from the Moving averages. It is also trading in a channel.
To trade a channel, you can buy from the lower line and sell from the upper line.
Traders who prefer trading breakout ( as I do :) ) You should wait a break below OR above the lines to open position.
Simply, put a sell order below the lower line OR a buy order above the upper line.
Good Luck,
This trade set up is based on a daily chart.
GBP/CHF is trading below all the major moving averages.
GBP/CHF is trading inside a rising channel.
The pair is suffering from the Moving averages. It is also trading in a channel.
To trade a channel, you can buy from the lower line and sell from the upper line.
Traders who prefer trading breakout ( as I do :) ) You should wait a break below OR above the lines to open position.
Simply, put a sell order below the lower line OR a buy order above the upper line.
Good Luck,
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