Corrective structure on the GBPCHF

Wait for the structure to be finished and break out. There might be a buy setup after a short consolidation. Don´t place the targets too high because there is another resistance level on the daily chart. If the structure does not come as expected, do not buy!

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There might appear a corrective structure after the initial up trend. That would be a setup for a short term buy opportunity.

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Breakout is done. Waiting for a short flag now.

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The buy setup is completed now.