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The808Trader

GBP/CHF - Ichimokuk Short Trade Idea

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Libra Esterlina/Franco Suíço (FX:GBPCHF)  
The808Trader  
FX:GBPCHF   Libra Esterlina/Franco Suíço
Trend Analysis Chart Patterns Technical Indicators GBPCHF Bearish Patterns ichimokku ichimokukinkohyo ichimokuforex the808trader Forex forexsignals
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trendanalysis chartpattern indicator gbpchf bearish ichimokku ichimokukinkohyo ichimokuforex the808trader forex forexsignals
This pair has been on a beautiful bearish run for a while now and I'm looking to capitalize on that trend. We have been respecting tenken sen very nicely so I am looking for a drawback and rejection there to enter a sell. If we can get a good drawback to the entry line I've drawn I'll look to get short. I've drawn out two possible targets based on previous structure lows that I've drawn out with horizontal lines. I am taking this trade from the daily chart so it may take a while to develop and unfold. If our bearish signs change or we fail to make lower lows, this setup may become invalidated.
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