Trade idea - GBPCHF Short

Updated
4H

Corrective approach towards entry zone.

-27 Fibonacci completion aligning with entry zone.

= Sell limit set.

1% risk.
Note
3M

Bearish W pattern potentially in play.

Clear support & resistance zone is there.

snapshot
Note
WEEKLY

Head & Shoulders pattern potentially in play.

Clear support & resistance zones are there. Strong momentum was created in the past from these zones.

Price currently sitting around support & resistance zone where Bulls could be powerful. Keep in mind.

snapshot
Note
DAILY

Bearish impulse / new LL: indication.

Bearish W pattern: confirmation.

Clear support & resistance zone is there.

snapshot
Order cancelled
Sell Limit order removed because of CHF heavy news. Volatility expected.
Chart PatternsForexfxtradingGBPCHFgbpchfshortpriceactionsupplyandemandzonessupportandresistancezonestechincalanalysisTrend Analysis

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