GBPCHF Bear Trend Continuation
Updated
My frequency analysis of GBPCHF in the daily time frame indicates a continuation of the bearish trend.
With the current price at 1.1117, I believe there is an opportunity to ride this downward momentum.
To capitalize on the bearish momentum, I suggest entering a sell position with a take profit set at 1.10642. This level aligns with the next key support zone for GBPCHF.
For risk management, a stop loss can be placed at 1.11542 to allow the trade to invalidate on a break back above the recent daily high.
Note: This is just a suggestion, and you should always do your own research before making any trading decisions.
With the current price at 1.1117, I believe there is an opportunity to ride this downward momentum.
To capitalize on the bearish momentum, I suggest entering a sell position with a take profit set at 1.10642. This level aligns with the next key support zone for GBPCHF.
For risk management, a stop loss can be placed at 1.11542 to allow the trade to invalidate on a break back above the recent daily high.
Note: This is just a suggestion, and you should always do your own research before making any trading decisions.
Note
So far so good. You can set the Stop Loss at enter point and wait for Take Profit.Note
For those traders set the stop loss at enter point, suggest that enter at rate 1.1125 and set SL and TP as before.
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