Analysis:
GBPCHF-1H is currently in a bearish trend. Bearish engulfing pattern appeared on the recent candle, which is a sign of sellers strength. We can enter in a short trade here. For this trade the stop loss will be at 1.13600 which is the previous lower high level.
------ Short Trade ------
Entry: 1.12900
Stop Loss: 1.13600
TP1: 1.12200
TP2: 1.11500
GBPCHF-1H is currently in a bearish trend. Bearish engulfing pattern appeared on the recent candle, which is a sign of sellers strength. We can enter in a short trade here. For this trade the stop loss will be at 1.13600 which is the previous lower high level.
------ Short Trade ------
Entry: 1.12900
Stop Loss: 1.13600
TP1: 1.12200
TP2: 1.11500
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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.