this pair is testing the trend channel and 110 EMA at the moment with, a triple top on H1 chart. with a confirmation auf this triple top, the resistance seen on D1 is also confirmed
So I hope with that tripple top on H4 we will have a Break of the trend line. But until we break it, the trade is pretty risky. So my position is small...
We also see the strength of the bulls decreasing. (MACD, RSI)
FX:GBPCHF
This should be a lower Low on the H4, so i think the uptrend is broken and ready for a short trade. The Stop Loss is above the last High. so we get stopped out if the uptrend is active again.
I want to short the USDHUF after a break of this trendline with H4 close. The close price is the most important point of this trade, so pls don't just put a order on the price I have in the Idea. We also see the relativ strength of the uptrend decreasing.
Best regards
-8z4U
