GBPCHF Short trade setup
GBPCHF Potential Short position here.
-Bearish trend since the start of 2016
-ABCD extension in play
-Watching for rejection around the 0.5/0.618 retracement area (DAILY)
-Breakout of the triangle and currently retesting area
-Daily significant support which is now resistance (the purple boxes)
-I'm waiting for a breach of the trend line and minor support (purple box just below price)
-Break and close below 1.2426 and we will short
-Be patient DO NOT jump the gun here.
-It also has the potential to break to the upside.
Trade safe and have a great week!!!
-Bearish trend since the start of 2016
-ABCD extension in play
-Watching for rejection around the 0.5/0.618 retracement area (DAILY)
-Breakout of the triangle and currently retesting area
-Daily significant support which is now resistance (the purple boxes)
-I'm waiting for a breach of the trend line and minor support (purple box just below price)
-Break and close below 1.2426 and we will short
-Be patient DO NOT jump the gun here.
-It also has the potential to break to the upside.
Trade safe and have a great week!!!
Nota
Daily viewpoint....Significant support now resistanceNota
Ordem cancelada
Trade cancelled as we didn't see the price which I wanted to enter at. On to the next one
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.