GBPCHF - Morning Star signal at support & lower BB

Pair has been ranging in a channel post Brexit and price is currently rejecting the lower channel support.

Nice bullish signal on the D1 chart at Horizontal support and lower Bollinger Band.

Profit target set just below upper range and 1.3000 psychological number.

Trade geschlossen: Stop wurde erreicht:

Trade triggered too soon because I drew the trendline a bit too tight. Therefore the trend didn't really break and therefore shouldn't have been entered.

Kommentar:

Also weekend news of UK's deadline for leaving the EU caused further pound weakness.