GBPCHF H1 short from resistance tp +90 pips
Updated
🔸Hello traders, let's review the 1hour chart for GBPCHF today. We are recently trading in well defined range so it's recommended to short sell from heavy overhead resistance, we got clearly defined S/R zones on the 1hour price chart.
🔸Resistances at 1265 1285 1310. Supports at 1215 1195 1165. Currently
short-term weak bounce in progress will most likely get faded from resistance.
🔸Recommended strategy for GBPCHF traders: focus on short selling high near 1285 price cluster SL fixed at 25 pips TP1 +45 pips TP2 +90 pips. Expecting rejection from overhead resistance and re-test of the mid of the prior accumulation range.
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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
🔸Resistances at 1265 1285 1310. Supports at 1215 1195 1165. Currently
short-term weak bounce in progress will most likely get faded from resistance.
🔸Recommended strategy for GBPCHF traders: focus on short selling high near 1285 price cluster SL fixed at 25 pips TP1 +45 pips TP2 +90 pips. Expecting rejection from overhead resistance and re-test of the mid of the prior accumulation range.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
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Trade active
trade active running pnl +40 pipsTrade closed: target reached
TP1 HIT +45 PIPS TP2 HIT +90 PIPS
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