GBPCHF - Looking For Sell Setups ⬇️ Again!
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
GBPCHF is stuck inside a range in the shape of a symmetrical triangle so we have been trading the range as per my last three analysis (attached on the chart)
Now GBPCHF is sitting around the upper trendline again, so we will be looking for sell setups.
Moreover, the blue zone is a strong supply zone.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper orange trendline. (acting as non-horizontal resistance)
As per my trading style:
As GBPCHF is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPCHF is stuck inside a range in the shape of a symmetrical triangle so we have been trading the range as per my last three analysis (attached on the chart)
Now GBPCHF is sitting around the upper trendline again, so we will be looking for sell setups.
Moreover, the blue zone is a strong supply zone.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper orange trendline. (acting as non-horizontal resistance)
As per my trading style:
As GBPCHF is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
Instagram
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
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.