GBPCHF Potential short

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Hello Traders,

We have a descending trend on GBPCHF on the 15min timeframe. We are expecting price to respect the descending trend line and head to forming a new lower low. We took our entry on the 5min timeframe when we saw price in our 50% to 61.8% fibonacci retracement zone and touching our trend line.

Our trading plan goes as follows;

TP1: Close 50% of position and move SL to Breakeven. Remaining position is 50% and risk free.
TP2: Close 25% of remaining position and move stop loss to TP1. Remaining position is 25% and profit is secured.
TP3: Full take profit is realised.

Good luck and Happy Trading!!
Trade fechado: stop atingido
currencyForexforexanalysisGBPCHFTrend Analysis

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