GBP vs CHF Doji at Kumo Support

2014年4月27日

Looking at the GBP vs CHF daily chart we see the close on Friday formed a doji at the Kumo support level. Prior day closed with an inverted hammer signaling possible change of direction and indecision at support. Price is in a slight uptrend with a pullback to the support level of the Kumo. Looking for the Kumo to hold support and price move upward from there. I'll enter on a break above the doji and have my stop a few pips below the doji limiting my risk with a possible nice gain. Have a great trading week and God bless!