GBPCHF Strategic Short Setup
Updated
We plan to sell near 1.1255, capitalizing on the slowing bullish momentum that suggests a potential shift in direction. While short-term upside remains possible, the overall outlook points to a correction lower.
The technicals indicate that prices may rise slightly before the broader downtrend resumes. This gives us an ideal opportunity to enter short positions with a tight stop, anticipating a pullback.
Our target is the support trend line at 1.1215, while resistance is set at 1.129. We’ll look to take advantage of rallies near key levels to position for the expected decline.
The technicals indicate that prices may rise slightly before the broader downtrend resumes. This gives us an ideal opportunity to enter short positions with a tight stop, anticipating a pullback.
Our target is the support trend line at 1.1215, while resistance is set at 1.129. We’ll look to take advantage of rallies near key levels to position for the expected decline.
Trade closed: target reached
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