GBPCHF short.
This pair has been in a ranging market for several weeks.
The price returned to the resistance level, and the daily candle from 27/12 is unusually long, indicating that buyers were in control. However, the candle from 30/12 closed inside the unusually long candle, forming a harami pattern. This confirms the resistance level and provides the signal to short.
Jeffrey Gomes Lopes
The price returned to the resistance level, and the daily candle from 27/12 is unusually long, indicating that buyers were in control. However, the candle from 30/12 closed inside the unusually long candle, forming a harami pattern. This confirms the resistance level and provides the signal to short.
Jeffrey Gomes Lopes
Note
Additionally, the Risk Reward Ratio (RRR) of 4.66 is another strong reason to pull the trigger.
Jeffrey Gomes Lopes
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.
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.