Vladimir Ribakov identifies a buy setup on GBP/CHF: the pair pulled back to support, showed a bullish MACD divergence, then broke a falling resistance line. The trade works if support holds.
Here is the pound franc buy trading strategy fully explained. On the four-hour chart, we got three higher highs, higher lows, which stands for a bullish trending pattern. The price action is clearly bullish. The price follow a pullback back to the supportive zone with a bullish continuing divergence on the MACD. The plan is clean. As long as the two supportive zones hold, I am looking to buy the dips. And after the bullish divergence, the falling resistance line is broken, providing a great buy opportunity. And the pound franc delivers a phenomenal rally. Join Home Trader Club for complete trading courses, real-time trading education, and real-time trading opportunities.
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