Like my earlier post on GBP/CHF, I mentioned that this pair has been ranging for several months/weeks, and it still is. The price is now at the high resistance level, where we received confirmation once again.
On the daily timeframe, a doji candlestick has formed, and last week, a shooting star confirmed the resistance level. Additionally, we now have a high Risk Reward Ratio (RRR), which further confirms this trade as a strong setup to pull the trigger.
Jeffrey Gomes Lopes
On the daily timeframe, a doji candlestick has formed, and last week, a shooting star confirmed the resistance level. Additionally, we now have a high Risk Reward Ratio (RRR), which further confirms this trade as a strong setup to pull the trigger.
Jeffrey Gomes Lopes
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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.