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GBPCHF Short Opportunity
British Pound / Swiss Franc
Short
GBPCHF Short Opportunity
By UnknownUnicorn1066662
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Jul 11, 2017
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Jul 11, 2017
Bearish Flag to retest support turned resistance levels.
Notice that volume is decreasing as price rallies higher.
Also, you can see that there was a stop hunt as indicated by the yellow oval to shake out retail traders.
1 to 1 target sits nicely within our 4H chart profit taking levels.
See my 4H chart analysis to see where we are on a bigger picture.
Chart Patterns
gbpchfidea
gbpchfsetup
gbpchfshort
stophunt
Trend Analysis
UnknownUnicorn1066662
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GBPCHF Short Opportunity
by UnknownUnicorn1066662
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