British Pound / Swiss Franc
Short
Updated

GBPCHF - 5 Reasons For A Daytrade Sell!

80
Sell #GBPCHF Plan

First Entry was at 1.2182
Second Entry is pending order at 1.2186
Stop is at 1.2205
Target is at 1.2147

I have 5 reasons to sell GBPCHF for a daytrade.

1. Currency Strength Meter CHF is strong GBP is Week
2. Trendline Support
3. Support Zone Intraday
4. Market Profile from yesterday
5. Bearish Divergence Signal

The Rules:
If second entry is activated then the target for first entry is at breakeven and the target for second entry is at main target
Also if the second entry is activated and price reaches the level of first entry then move stoploss of second entry to breakeven.


like and comment to receive more analysis , thank you for your support.
The trading strategy is fully explained in video below/i]
Trade closed manually
All trades are closed at breakeven

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.