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British Pound / Swiss Franc
Short

GBPCHF

By hklns
Updated
A safe set up I must say , start from the Daily Bias
Then wait for price to get into Daily OB
Then do the same process for 4h and 15m .
End up getting an aligned bearish bias from daily to 15m.
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By theory of Strong High and Weak Low , the marked zone should be a reentry zone
or else, the LTF narrative will be bullish , making the first entry susceptible to
Breakeven
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Support will become resistance , basic market mechanism
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Another SBR , higher risk since its now in a discount zone of the swing
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Price just change it bias on LTF from bearish to bullish, so as of now it is not tradeable. Wait for bias to change to bearish once again and we will see from.
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Bias has change from bullish to bearish on LTF. By theory , the SBR should work.
Trade active
Trade closed: stop reached
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About the same time GC bias becomes bearish , DXY had a surge in price. Later on when DXY bias change to bearish , GC change bias to bullish.
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Supply and DemandSupport and Resistance
hklns

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