GBPCHF W SHORT LDN 082421 Swing

SHORT
1. Price looks to be retesting the resistance @1.25539 on the daily timeframe.
2. There's a previous rejection on LTF as well, of which most recent price wick closed below the previous signaling strong selling pressure, and exhaustion to the upside.
3. 2pm Ldn open, anticipated strong influx of volume to push price towards directional bias.
4. Bearish EMAs
5. LL LH market structure.
6. Retracement at the .50 wick touch, and 38.2 closure.

Moved SL to BE at 1:1 RR, got stopped out with partial profits.

Disclaimer