Gbpchfshort
How To use RSI to Confirm BreakoutsI took a trade this morning on GBPCHF. I was able to confirm the breakout using the relative strength index. ENJOY!
GBPCHF shortDue to fundamentals i wont be taking this trade however we can see a rising wedge forming which suggests we could see a temporary move to the downside. We also have bearish RSI and MACD divergence.
KEEP IT SIMPLE !!!!! THE ANSWERS ARE RIGHT THERE !!!!!!Its easy to get carried away and over analyse our charts, but a lot of the time all we need to do is keep it simple; our biggest barrier is our emotions. ALWAYS KEEP THEM IN CHECK x
My GBPCHF 4hr Break and retest shortFX:GBPCHF
4 Hour
This image explains everything. 4 Hour breakout levels identified. Waited for a 4 hour candle to close below the blue line.
Entered on retest.
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Closed .07 @ +20 pips. And left .03 running with a 20 pip trailing stop from breakeven.
Also posted the progress of this trade on my Instagram stories. Check it out @ www.instagram.com
