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justinholtgrave

GBPCHF - Bearish Engulfing

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Libra Esterlina/Franco Suíço (FX:GBPCHF)  
justinholtgrave  
FX:GBPCHF   Libra Esterlina/Franco Suíço
Support and Resistance Candlestick Analysis GBPCHF GBP chf short SELL support engulfingpattern Engulfing Candle
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supportandresistance candlestick gbpchf gbp chf short sell support engulfingpattern engulfingcandle
GBPCHF has formed a bearish engulfing pattern on the daily time frame.
This short setup is confirmed with a strong upper Bollinger Band outbreak, a significant bearish engulfing pattern, and RSI divergence.
SL set above previous highs.
TP set slightly above strong support.
I will close this trade upon the first opposing significant bullish engulfing pattern.

Website: EngulfingPatterns.com/

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