Based on the structures on the left hand-side GBPCHF has a tendency of creating upward channels and breaking below the channels formed. This is because the pair is in a down trend and retraces upward. For better R:R ratio I will be taking short opportunities on the resistance of these channels.
Trade closed: target reached
nice profits. good R:R ratio. lets look for new opportunities
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.
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.