GBPCHF has ben channeling for 3 weeks now and still holding. Long term direction is still down and I am looking to place a sell near the top channel.
Again, I am only looking at sells as that is the main direction. If you do plan to buy at the bottom of the channel make sure you set short stop losses.
Indicators:
1. RSI on daily and 4 hr in sell zone.
2. Channel holding strong.
3. Overall GBP pairs are weakening.
Entry 1 @ current price of 1.1889
Entry 2 @ 1.1975
TP @ 1.1810
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Again, I am only looking at sells as that is the main direction. If you do plan to buy at the bottom of the channel make sure you set short stop losses.
Indicators:
1. RSI on daily and 4 hr in sell zone.
2. Channel holding strong.
3. Overall GBP pairs are weakening.
Entry 1 @ current price of 1.1889
Entry 2 @ 1.1975
TP @ 1.1810
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Note
Target hit, net 79 pips.
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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.