The GBPCHF pair is also currently in a retracement mode. I've closed my trade and managed to get just 8 pips out of it. I'm to be blamed because I was too busy writing up stuff. Anyways, all is not lost. The GBPCHF Daily chart looks to be getting more and more bullish. The 4- hour chart is holding on and we are currently seeing a bearish retracement on the 1-hour chart.
Price could likely move to the 50% Fib for the retracement to end. However, i'll be looking keenly at the Schaff Trend Cycle in order to base my judgement. For those who missed this trade, TODAY is a great opportunity to enter LONG on the GBPCHF. Just wait for this retracement to end and once the STC turns bullish, we're off on our journey.
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