TRADE OF THE WEEK | Classic Trend-Following Trading đź’°

By VasilyTrader
Updated
snapshot

Hey traders,

We spotted a breakout of a major key daily level last week on GBPCHF.
On a retest of a broken structure, we were looking for opportunities to short the market.

GBPCHF: Very Bearish Outlook 🇬🇧🇨🇭


The confirmation that I spotted on 4H time frame was a rising wedge pattern.
I was patiently waiting for its support breakout to then sell on a retest.

GBPCHF: Update & Time to Sell 🇬🇧🇨🇭


Once the trade was opened, the market dropped sharply.
The trade already gave 117 pips and still remains active.
Lets hope that the pair will go even lower.

Did you catch this trade?

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
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Check my new idea on US30:
Dow Jones Index (US30): Important Structure to Watch Next Week
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