1mn with ForexSurvivor
GBPCHF Bullish Flag,
The daily overbought condition of ForexSurvivor oscillators have construed a bullish flag after rallying almost 300 pips this month. Despite the 50% Fib correction of the this month’s rally, market stays overbought, unwilling to give up its current uptrend yet.
The parameters of the bullish flag since it topped at 1.5300, the bouncing at 50% Fib line of June’s rally, the U-turn of yesterday which triggered a close back above MA20, and the inability to unwind from overbought zone, lead to designate that bull force is unbeatable.
As long as no close below 1.5100 is triggered, the cross uptrend should continue once a daily close above yesterday’s high is activated.
There is a possibility of testing 1.5100 as we are crawling into the weekend and as such, we recommend pursuing the north design only after the mentioned daily close is materialized.
Aggressive traders may jump onto 1.5150 on the condition the exit scenario is respected.
***Rule to Remember: Gaining 20pips out of any free-signal is highly remarkable as such trades are not updated on time or ever.
GBPCHF Bullish Flag,
The daily overbought condition of ForexSurvivor oscillators have construed a bullish flag after rallying almost 300 pips this month. Despite the 50% Fib correction of the this month’s rally, market stays overbought, unwilling to give up its current uptrend yet.
The parameters of the bullish flag since it topped at 1.5300, the bouncing at 50% Fib line of June’s rally, the U-turn of yesterday which triggered a close back above MA20, and the inability to unwind from overbought zone, lead to designate that bull force is unbeatable.
As long as no close below 1.5100 is triggered, the cross uptrend should continue once a daily close above yesterday’s high is activated.
There is a possibility of testing 1.5100 as we are crawling into the weekend and as such, we recommend pursuing the north design only after the mentioned daily close is materialized.
Aggressive traders may jump onto 1.5150 on the condition the exit scenario is respected.
***Rule to Remember: Gaining 20pips out of any free-signal is highly remarkable as such trades are not updated on time or ever.
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