GBPCHF: Bullish, longs in play
The GBPCHF traded near a long term support level (it even broke that level and traded in a bearish market condition for a few hours, but it is back now) for a few days but today it broke that range for the upside triggering a bullish market condition:
Now it is in a clear bullish market condition and there are quite a few pips before the market hits the next LT lvl.
My Trading Plan:
As long as the GBPCHF trades 1.6516 I will be looking for long opportunities.
All short opportunities will be ignored.