Hello traders,
One of my favorite delicacies is on display:
1. GBP/CHF
- An over-extended stochastic (bearish)
- Price at a key support zone
- Price within the range of the 200 moving average
This is called a hidden bullish divergence setup (without the 200 ma). It’s one of my favorite setups to trade.
I will be waiting till the close of the 7 a.m. candlestick before joining the buyers (if it plays out).
There is also a possibility that price breaks below the current support zone. If that happens, I will be sitting by the sidelines, sipping my hot steamy coffee
What say you?
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