gbp chf another leg up?
gbp chf in the weekly is still bullish with price above the kumo cloud. It just bounced off a weekly trend line ready to continue its journey the upside.
i plan to go into the daily timeframe and wait for all criteria to come on side.
1. price is above the kumo cloud - check
2. chikou span is above the kumo cloud - check
3. candle breaking above the kumo cloud. A close above the cloud will signal a possible entry.
4. I will wait for the tenkan sen to go above the kijun sen
when all criteria is met, I will enter a long position. ultimate target will be the next resistance level to the upside.
i plan to go into the daily timeframe and wait for all criteria to come on side.
1. price is above the kumo cloud - check
2. chikou span is above the kumo cloud - check
3. candle breaking above the kumo cloud. A close above the cloud will signal a possible entry.
4. I will wait for the tenkan sen to go above the kijun sen
when all criteria is met, I will enter a long position. ultimate target will be the next resistance level to the upside.
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